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

Takeover bid is opportunistic and undervalued: THL
Markets

Takeover bid is opportunistic and undervalued: THL

Tourism Holdings' board remains open to engagement with the Consortium.

Markets

One man, five boards: The NZ director spiderweb

James Miller is at the top of the directorship pyramid.

One man, five boards: The NZ director spiderweb
Markets Market Close

Increased US tariffs drive NZ stocks lower

F&P Healthcare and Ebos shares both dropped over 2% on the tariff news.

Jamie Gray 01 Aug 2025
Increased US tariffs drive NZ stocks lower