EROAD announces NZ$50 million equity raising

EROAD Limited (NZX & ASX : ERD) has announced its intention to raise approximately NZ$50 million via a NZ$42 million underwritten placement, together with an approximately NZ$8 million share purchase plan. Included in this announcement is: 1. Offer Announcement 2. Investor Presentation 3. Cleansing Notice 4. NZX Corporate Action Notice 4. ASX Appendix 3B ENDS For further information, contact: Alex Ball CFO alex.ball@eroad.com Anna Bonney Investor Relations anna@merlinconsulting.co.nz End CA:00359883 For:ERD Type:OFFER Time:2020-09-17 08:52:21