Roc Partners Transaction Settlement
TRANSACT
Fri, Feb 09 2024 11:21 am
9 February 2024
NZL is pleased to announce that the agreement to sell a 25% equity interest in its land portfolio to Roc Partners settled today for NZ$44.2m.
NZL’s 19 January 2024 market announcement outlines the key features of the Roc Partners transaction and can be found here: www.nzx.com/announcements/424985.
NZL will use some of the proceeds to immediately repay the NZ$11.8m convertible note that it drew down in April 2023 to partially fund its NZ$71.0m forestry acquisitions.
The balance of funds has been retained as working capital while NZL considers future growth and capital options.
An announcement of NZL’s preliminary full-year results will be made on or before 29 February 2024.
For further information please contact:
Richard Milsom - Director, NZRLM
Mobile: 021 274 2476
Email: [email protected]
Christopher Swasbrook - Director, NZRLC
Mobile: 021 928 262
Email: [email protected]
Announcement PDF
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