Spheria Asset Management takes A$4.8M stake in NZME

Thu, 02 May 2019

By Paul McBeth May 3 (BusinessDesk) - Spheria Asset Management spent A$4.8 million building up a 5.3 percent stake in NZME to become the latest Australian fund manager to take a punt on the Kiwi media group. The Sydney-based firm bought almost 10.4 million shares at an average price of 46.6 Australian cents to build up the stake over the past year, according to a substantial security holder note filed with the ASX. The dual-listed shares last traded at 55 cents on the NZX and 52 Australian cents on the ASX. Spheria describes itself a...

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