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Trading Halt in KIP Securities

NZX RELEASE

16 December 2013

Trading Halt in KIP Securities

Kiwi Income Property Trust (the Trust) has been advised that Commonwealth Bank of Australia (CBA) has appointed Goldman Sachs to sell down its unit holding in the Trust by way of placement (likely to be structured as a non-underwritten widely offered bookbuild). CBA holds, through its subsidiaries, approximately 8.6% of the units in the Trust. The sell down is to occur during the course of today.

A trading halt (in both KIP units and KIPGC mandatory convertible notes) is now in place to allow the sell down to occur in an orderly fashion. The halt is expected to remain in place for the remainder of today’s trading.

ENDS

© Scoop Media

 
 
 
 
 
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