SkyCity Completes Retail Entitlement Offer

SkyCity Entertainment Group Limited (ASX: SKC) has successfully closed its retail entitlement offer, part of its fully underwritten NZ$159 million equity raise. The offer allowed eligible shareholders to subscribe for 1 new share for every 3.35 held, raising approximately NZ$45 million, including NZ$3 million in oversubscriptions. In total, SkyCity secured NZ$240 million through both its institutional placement and retail entitlement offer, with around NZ$195 million raised earlier from institutional investors.

Roughly one-third of eligible shareholders chose to participate in the offer, reflecting solid retail engagement. Some shareholders also applied for up to 60% more than their entitlement, ensuring they could at least maintain their ownership proportion. Shares not taken up, worth about NZ$30 million, were allocated to underwriters and sub-underwriters, mainly existing institutional investors.

The new shares will begin trading on the NZX Main Board on 11 September 2025 and on the ASX by 12 September 2025, ranking equally with existing shares

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