Please find attached a Capital Change Notice regarding the issue of stapled securities.
This notice is given under NZX Listing Rules 3.13.1 and 3.15.2 and relates to the vesting of Restricted Share Rights under Precinct Properties' Long Term Incentive Plan under which fully paid ordinary shares in Precinct Properties Group are issued on vesting of those Restricted Share Rights.
The NZX 50 outperformed its Australian counterpart.
Chair Mike Allen said the acquisition presented a “compelling opportunity”.
The sales form part of a wider growth plan.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details