Today BCI Limited registered a prospectus to allow applications for shares and new water connections over the entire BCI network. The capital raised will be invested in the joint venture with EA Networks which will install infrastructure to accommodate the new connections.
The prospectus closes on 30 June 2015 but it should be noted that timing of installation of new connections will be prioritised based on timing of applications under the prospectus. The joint venture has a large number of new connections to make including the stage two expansion project which is under way, and only 2 cumecs of water is available under the prospectus.
Prospectus documentation is attached to the BCI Limited page.