Martinborough Vineyard to be quoted on Unlisted
Martinborough Vineyard Estates to be quoted on Unlisted
Unlisted Manager Bruce Cossill and Martinborough Vineyard Estates Ltd Chairman Roger Gaskell today announced that Martinborough Vineyard is to become the 22nd issuer quoted on Unlisted.
Mr Cossill said “We are delighted to welcome Martinborough Vineyard to the Unlisted share trading facility – the first new issuer since the Minister decided to leave Unlisted as it is. Martinborough Vineyard ordinary shares will be quoted and traded on Unlisted from tomorrow, Friday 9 December 2005.”
Mr Gaskell noted “Martinborough Vineyard has decided to be quoted and traded through Unlisted in order to provide transparency and liquidity around share trading for our 650 shareholders. Unlisted is ideal for a company like Martinborough Vineyard, and our directors are in no doubt that our shareholders will benefit greatly from having access to a cost-effective trading facility.”
Mr Cossill said “This new issuer breaks the ice and confirms the value of Unlisted as a share trading facility for small to medium sized NZ companies. Discussions are continuing with other potential issuers who are currently considering their trading arrangements.
“The aggregate market capitalisation of Unlisted securities has reached around $950 million and trading volumes and values are strong, demonstrating Unlisted’s valuable contribution to the New Zealand capital markets.”