MWE reduces max stake in capital raise

24th February 2021 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

Marlborough Wine Estate Group has reduced the maximum stake in its $2m capital raise from $50,000 to $15,000.

MWE said it was looking to raise the new funding to progress growth opportunities in New Zealand and international markets.

Funds raised through the Share Purchase Plan would be used to retain higher inventory levels to meet expected future demand, investment into marketing, particularly MWE’s online strategy, and international market development.