31 March 2025
Market Information
NZX Limited
Level 2, NZX Centre
11 Cable Street
WELLINGTON
Company Announcements Office
ASX Limited
Exchange Centre
Level 6, 20 Bridge Street
Sydney NSW 2000
AUSTRALIA
Tower Limited – Trading Halt
Tower Limited (“Tower”) has requested a trading halt as it has been advised that Bain Capital (which owns or controls approximately 19.9% of the shares in Tower), is undertaking a process to seek offers of demand for its shareholding in Tower.
Tower’s trading halt application will be made available on NZX and ASX.
The trading halt will be lifted at such time that Tower has been notified by Bain Capital that the process has been concluded and the same has been announced to the market by Tower.
ENDS
This announcement has been authorised by Michael Stiassny, Chair.
For media enquiries, please contact in the first instance:
Emily Davies,
Head of Corporate Affairs and Sustainability
+64 21 815 149
[email protected]
For investor enquiries, please contact:
James Silcock
Head of Strategy, Planning and Investor Relations
+64 22 395 9327
[email protected]
The S&P/NZX 50 Index closed at 12,320.19, up 7.59 points or 0.062%.
Economists are widely expecting a 25 bps rate cut next week.
Is New Zealand still fixated on the 1kg block of cheese?
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details