Fonterra’s intention to move to NZX Main Board
MKTUPDTE
Wed, Nov 06 2024 08:59 am
Fonterra’s intention to move to NZX Main Board
6 November 2024 - Fonterra has today announced its intention to move its Shareholders’ Market from a private market operated by NZX to the NZX Main Board in January 2025. This decision opens a pathway for other co-operatives to list on the Main Board and demonstrates NZX’s ability to offer a market accessible to a range of corporate structures. NZX confirms that this will have no impact on NZX’s FY2024 earnings guidance.
It may have an impact on NZX’s FY2025 earnings guidance. However, any earnings impact will be dependent on a variety of factors, including the underlying performance of the business, revenue levels from trading of Fonterra on the NZX Main Board and related data requirements, as well as cost savings initiatives. FY2025 guidance will be released to the market in February 2025.
For further information, please contact:
Media and Investors – Simon Beattie – 021 702 694
Announcement PDF
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