Australian chicken farmer ProTen joins Unlisted market

The arrival of the chicken producer brings total companies on the bourse, a low-cost, less regulated alternative to the NZX, to 22, Unlisted manager Bruce Cossill said in a statement.

He anticipates more arrivals, including defections from the NZX by companies trying to reduce costs of compliance. Earlier this month, bio-technology company Botry-Zen said it will de-list from the NZX due to “ongoing costs” and move its shares to Unlisted.

“We're hoping ProTen is the first of a number of new issuers for Unlisted this financial year,” said Bruce Cossill, Unlisted manager. “We are seeing interest at the moment from a number of distinct categories.”

Formerly based in New Zealand, ProTen has about 255 mostly New Zealand-based shareholders. So far, there have been no trades.

Cossill expects some frozen mortgage trust funds to use Unlimited as they look to provide liquidity and transparency for their investors.

www.businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained