KMD Brands completes Retail Bookbuild
22/04/2026 09:02 NZST, OFFERP
Not for release or distribution in the United States
Wednesday, 22 April 2026
(All amounts in NZ$ unless otherwise stated)
KMD Brands completes Retail Shortfall Bookbuild, concluding the Placement and Entitlement Offer
KMD Brands Limited (NZX/ASX: KMD, “KMD” or the “Group”) is pleased to advise that it has successfully completed the retail shortfall bookbuild component (“Retail Shortfall Bookbuild”) of its approximately $58.5 million fully underwritten 1 for 0.73 pro-rata accelerated renounceable entitlement offer (“Entitlement Offer”) of new fully paid ordinary shares in KMD (“New Shares”).
KMD has now successfully completed the placement and Entitlement Offer, raising total gross proceeds of approximately $65.3 million. Net proceeds will be used to reduce KMD’s net debt position and strengthen the balance sheet, and in conjunction with the refinanced debt facility, provide a stable balance sheet to enable execution of KMD’s Next Level strategy.
Approximately 126.4 million New Shares were taken up in the Retail Shortfall Bookbuild. The approximately 42.9 million New Shares not taken up under the Retail Shortfall Bookbuild have been fully allocated to sub-underwriters as procured by the underwriters at the offer price of NZ$0.06 per New Share (“Offer Price”).
The clearing price of the Retail Shortfall Bookbuild was the same as the Offer Price under the Entitlement Offer (i.e. there is no premium). Eligible retail shareholders that did not take up their entitlement in full and ineligible retail shareholders will not receive any consideration for the entitlements not taken up by them.
The New Shares offered under the Retail Entitlement Offer are expected to commence trading on NZX on Tuesday, 28 April 2026 and ASX on Wednesday, 29 April 2026 and will rank equally with KMD’s existing fully paid ordinary shares.
This announcement has been authorised for release to NZX / ASX by Frances Blundell, Chief Legal & ESG Officer and Company Secretary.
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For further information, whether an investor or media enquiry, please contact: Frances Blundell, Chief Legal & ESG Officer and Company Secretary companysecretary@kmdbrands.com