Please see attached a Substantial Product Holder Notice for New Zealand Funds Management Limited ("NZ Funds") on behalf of itself and its wholly owned subsidiary New Zealand Funds Superannuation Limited ("NZFSL") in Tower Limited ("TWR").
The S&P/NZX 50 Index closed at 12,765.24, up 28.18 points or 0.22%.
Despite a $7m net loss, subscription revenue grew 28%.
Company expects market conditions to remain challenging in the second half.
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