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TZ Limited issues prospectus for share offer

TZ Limited issues prospectus for share offer

Networking security technology company TZ Limited (ASX:TSV) has issued a prospectus to its investors offering the purchase of up to two new shares.

The company has offered to issue the shares at $0.50 each, TZ said. The closing date of the offer is July 23.

The offer has not been underwritten, and can not be oversubscribed.

TZ shares are currently trading 7.5% lower at $0.370.

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Tags Share placementsecurityASX:TZLTZ Limited

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