Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Rural Equities Limited joins Unlisted

Rural Equities Limited joins Unlisted

Rural Equities Limited has joined the increasing number of small to medium sized New Zealand companies who have chosen to become Issuers on Unlisted, the internet-based share-trading platform. Shares in Rural Equities are now available for trading via the Unlisted website at www.unlisted.co.nz.

James Wright, Company Secretary for Rural Equities, said “Unlisted provides an easily accessible market for brokers. In addition, shareholders can easily monitor the market through the internet site”. As of 1 March 2004, Rural Equities had 3,330 shareholders. Mr Wright said that becoming an Unlisted Issuer “should see a reasonably active market for Rural Equities Limited shares”.

Rural Equities is now a stand-alone entity from the Williams & Kettle Limited Group. This follows the transfer of Williams & Kettle’s interest in the management of the New Zealand Rural Property Trust, and their 32% stake in the Trust, to Williams and Kettle’s shareholders through a pro-rata court-approved scheme of arrangement.

As a result each Williams & Kettle shareholder received shares in Rural Equities on 1 March 2004. Rural Equities Limited joins the eight other Issuers currently quoted on the Unlisted trading facility: Bridgecorp Holdings Ltd, Skyline Enterprises Ltd, Blue Sky Meats Ltd, Waipara Hills Wine Estates Ltd, INTAZ Ltd, Rangatira Ltd, the New Zealand Rural Property Trust, and Tasman Farms Ltd.

Unlisted allows small to medium sized New Zealand companies to facilitate the trading of their shares and to communicate with their shareholders, through a central, easilyaccessible, Internet-based trading facility. While not a registered stock exchange, for many companies Unlisted will act as a stepping-stone on the path to a registered exchange listing.


ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>