{"id":19662,"date":"2012-12-19T15:29:30","date_gmt":"2012-12-19T05:29:30","guid":{"rendered":"http:\/\/southburnett.com.au\/news2\/?p=19662"},"modified":"2023-11-30T15:58:05","modified_gmt":"2023-11-30T05:58:05","slug":"bank-extends-share-offer","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2012\/12\/19\/bank-extends-share-offer\/","title":{"rendered":"Bank Extends Share Offer"},"content":{"rendered":"
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Jeff Connor, Judy Robison and Member for Nanango Deb Frecklington in Nanango this morning<\/figcaption><\/figure>\n

December 19, 2012<\/strong><\/p>\n

South Burnett Community Enterprises Ltd – the backers of the plan to open a Bendigo Community Bank branch in Nanango – have extended their share offer after failing to reach their target of 526,000 shares by December 10.<\/p>\n

Chairman Noel Strohfeld said a Supplementary Prospectus would now be issued to raise the final shares needed to open the new bank.<\/p>\n

\u201cAlthough we did not reach our target, the results were very pleasing with well over 300,000 shares allocated,” Mr Strohfeld said.<\/p>\n

“Now, with more time to raise what is a quite small remaining quantity of shares, the future looks very promising for Nanango and the wider South Burnett community.<\/p>\n

\u201cThe Board of South Burnett Community Enterprises Ltd, however, stresses the urgency of quickly attaining the outstanding amount.<\/p>\n

“Once the target has been reached we can start the fit-out of the new bank.”<\/p>\n

The board has appointed Judy Robison to head a task force to \u00a0raise the shortfall.<\/p>\n

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The proposed location for the new Bendigo Bank branch in Nanango<\/figcaption><\/figure>\n

Board member Jeff Connor said today that a newly formed taskforce met with community members, local business and organisation representatives in Nanango this morning.<\/p>\n

“(There were) some great ideas to help get the word out to the South Burnett about the positive benefits of having a Nanango Bendigo Community Bank Branch in Nanango,” Mr Connor said.<\/p>\n

“For example, did you know that over $9 million of Nanango and Kingaroy business has already been committed from South Burnett businesses and individuals that is sitting on Yarraman Community Bank books waiting for Nanango to open?<\/p>\n

“Put another way, there is already over $9 million worth of Nanango and Kingaroy banking business that has been committed to Nanango ready for when it opens.”<\/p>\n

Taskforce leader Judy Robison said the share offer was open to all residents and businesses in the South Burnett. Share purchases begin at $500.<\/p>\n

She said this was an ideal investment opportunity in the future of the South Burnett.<\/p>\n

\u201cWhat a great Christmas gift idea that really says you care for a family member or as an investment in your own town\u2019s prosperity,\u201d she said.<\/p>\n

Mr Strohfeld said he believed it would be only a few weeks before the target would be reached.<\/p>\n

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