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Windflow Registers with Unlisted Securities Market

Windflow Registers with Unlisted Securities Market

Christchurch-based wind turbine engineering company, Windflow Technology Limited, has registered with the New Zealand Stock Exchange (NZSE) for its shares to be quoted on the unlisted securities market.

"This will make it much easier for our shareholders to trade their shares." said Geoff Henderson, Windflow's Managing Director.

The company raised $2.6m in September, 2001 for the design and construction of its prototype wind turbine. This machine will be commissioned soon at Gebbies Pass near Christchurch.

At the company's AGM in November 2002, shareholders supported the Directors' plan for a renounceable rights issue to provide funds for the next stage of the company's development - the manufacture of at least six turbines.

Previously, Windflow shares had been traded privately, facilitated by e-mail notices. From Monday, May 12th, the company's shares may be bought or sold through any NZSE member sharebroker.

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