16 Aug NZX welcomes DNZ Property Fund to Main Board
NZX welcomes DNZ Property Fund to Main Board 16/08/2010
16 August 2010 – NZX is pleased to welcome DNZ Property Fund to its Main Board today.
The opening quote for DNZ’s shares is at the top end of the range at 97 cents, a clear indicator of strong public demand for DNZ stock.
DNZ owns one of the New Zealand’s largest diversified investment property portfolios in the commercial, industrial and retail sectors. Its management and governance structure has been widely welcomed by New Zealand investors.
“The listing of a company of the nature and scale of DNZ is significant for New Zealand markets and investors. It is a New Zealand infrastructure company that will enable New Zealanders to gain access to a well diversified property portfolio on the NZX Main Board,” said NZX CEO Mark Weldon.
“DNZ is listing at a higher price than they have traded previously. We are very pleased that local investors have recognised DNZ’s confidence and commitment,” said NZX Head of Markets Fiona Mackenzie.
DNZ makes its New Zealand public market debut with total shares on issue of 244,876,090 and a market capitalisation of over $237.5 million.
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