13 May 2013

Software firm Wynyard to list on stock exchange

1:43 pm on 13 May 2013

Security software company Wynyard Group is planning to raise funds and list on the stock exchange.

The company says it wants to accelerate its international growth and to meet the growing demand for its solutions.

Wynyard has not specified how much it plans to raise from the float, nor what percentage of the company will be sold, but the proposed share offer will be to both New Zealand retail and institutional investors.

There will be no public pool and no provision for over-subscriptions. The offer, which is conditional on NZX accepting Wynyard's shares for listing, is expected to take place within the next two months.

Wynyard Group's software protects companies and countries from threats, crime and corruption.