Memorandum
To: Market Participants
From: NZX Product Operations
Date: Wednesday, 23 November 2022
Subject: Tower Limited ("TWR") – Trading Halt Lifted
Message:
NZ RegCo advises that following the release of the announcement from Tower Limited ("TWR") at 10:30am, trading in TWR ordinary shares will resume at 10:45am today Wednesday, 23 November 2022.
Please contact NZX Product Operations on +64 4 496 2853 or [email protected] with any queries.
ENDS
The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
An investment firm bought the stake, which included 116,145 hectares of forestry.
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