Response to media speculation on NZX Wealth Technologies

MKTUPDTE

Mon, Nov 28 2022 01:26 pm

Response to media speculation on NZX Wealth Technologies

28 November 2022 – NZX Limited is aware of media speculation regarding the future of NZX Wealth Technologies. NZX keeps the constituent parts of its group business under constant review, and consistent with that approach, it is considering whether there is a strategic partner for NZX Wealth Technologies that can enhance and accelerate the long-term growth prospects of that business. The outcome of discussions, which are in their early stages and being held with a limited number of parties, is highly uncertain.

NZX is committed to providing first-class market infrastructure and maintains strong confidence in NZX Wealth Technologies and its future growth prospects.

ENDS

For further information, please contact:

Media and Investors – Simon Beattie – 021 702 694

About NZX
For more than 150 years we have been committed to connecting people, businesses and capital. Our vision is to be a trusted New Zealand business delivering sustainable wealth, value and opportunities for all.
NZX operates New Zealand's equity, debt, funds, derivatives and energy markets. To support the growth of our markets, we provide trading, clearing, settlement, depository and data services for our customers. We also own Smartshares, New Zealand's only issuer of listed Exchange Traded Funds (ETFs), and KiwiSaver provider SuperLife. NZX Wealth Technologies is a 100%-owned subsidiary delivering rich online platform functionality to enable New Zealand investment advisors and providers to efficiently manage, trade and administer their client's assets. Learn more about us at: www.nzx.com