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

 

Motor Industry Association: 2020 New Vehicle Registrations Suffer From Covid-19

Chief Executive David Crawford says that like some other sectors of the New Zealand economy, the new vehicle sector suffered from a case of Covid-19. Confirmed figures for December 2020 show registrations of 8,383 were 25% ... More>>

CTU 2021 Work Life Survey: COVID And Bullying Hit Workplaces Hard, Huge Support For Increased Sick Leave

New data from the CTU’s annual work life survey shows a snapshot of working people’s experiences and outlook heading out of 2020 and into the new year. Concerningly 42% of respondents cite workplace bullying as an issue in their workplace - a number ... More>>

Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>

ALSO:

OECD: Area Employment Rate Rose By 1.9 Percentage Points In The Third Quarter Of 2020

OECD area employment rate rose by 1.9 percentage points in the third quarter of 2020, but remained 2.5 percentage points below its pre-pandemic level The OECD area [1] employment rate – the share of the working-age population with jobs – rose ... More>>

Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>

Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021

Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even ... More>>