Investment Milestones

September/October 2011

• Windflow raised $2 million through its Share Purchase Plan and private placements.

November/December 2010

• Windflow raised in excess of $3.3 million  through its 1 for 2 Renounceable Rights Issue (including $1 million from the partial underwrite by Aeolian Property Company Limited).

September/October 2008

• Windflow raised $10.3 million through the September options exercise, private placements, and the Mighty River Power share purchase.

June 2008

• The company announced on 30 June 2008 an agreement with the State Owned Enterprise Mighty River Power Ltd under which Windflow will construct a wind farm for Mighty River Power using Windflow 500 turbines. Furthermore, there will be a cornerstone share issue to Mighty River Power in October 2008 giving Mighty River Power 19.95% of Windflow's issued capital post the exercise of the 2008 Options.

November 2007

• Windflow Technology made a 1 for 4 rights issue to existing shareholders at NZ$3.00 a share.  This was fully subscribed and raised NZ$5.04 million.

May/June 2005

• The company made a 1 for 2 renounceable rights issue to existing shareholders at NZ$2.30 a share. This raised NZ $3.3 million.

November 2003

• Windflow Technology migrated from the USM to become one of the "1st XV" companies on the newly formed NZAX (alternative exchange) of the New Zealand Exchange.

August/September 2003

• The company made a 1 for 1 renounceable rights issue to existing shareholders at NZ$2.00 a share. This raised NZ $5 million.

April 2003

• The company registered on the Unlisted Securities Market (USM) of the New Zealand Exchange, so that its shares could be more easily bought and sold.

September 2001

• Windflow Technology’s initial share offer closed on September 28, 2001 with subscriptions at nearly NZ $2.6 million.  This enabled the company to design and construct the first Windflow 500 turbine which was installed at Gebbies Pass near Christchurch in 2003.