Please see attached a capital change notice in relation to the acquisition of ordinary shares in New Zealand Rural Land Company Limited (NZX.NZL) under the on-market share buyback programme announced to the market on 26 May 2023.
NZL has acquired a total of 4,536 shares and may acquire up to a further 5,345,464 shares under this on-market share buyback programme.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
Forsyth Barr says a premium valuation is now warranted.
The only worst performer is the Norwegian krone.
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