Tower Limited - Trading Halt

MKTUPDTE
Mon, Mar 31 2025 08:30 am

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]


Announcement PDF


Markets News

NZ stocks end flat amid Fletcher-SkyCity legal woes
Markets Market Close

NZ stocks end flat amid Fletcher-SkyCity legal woes

Tesla's 14% drop again highlighted the general state of global market uncertainty.

Jamie Gray 06 Jun 2025
Markets

SkyCity claims it is entitled to $330m in damages from Fletcher Building

The original delivery date of the International Convention Centre was January 2019. 

Rebecca Howard 06 Jun 2025
SkyCity claims it is entitled to $330m in damages from Fletcher Building
Markets

10 NZ firms could get slice of $200m Fisher KiwiSaver cash

Private equity investing will benefit both KiwiSavers and business, fund manager says.

10 NZ firms could get slice of $200m Fisher KiwiSaver cash