Approval for Nufarm delisting

The company says it has been registered as an Overseas Listed Issuer on the NZSE since migrating its head office and primary listing to the ASX in January 2000, but wants to cease trading on the local bourse to help liquidity across the Tasman.

Nufarm's directors believe the move will help efforts to reinstate the company in the benchmark S&P 200 Index.

Following shareholder approval at a meeting today, the company says its shares will cease trading on the NZSE at the close of trade on Friday this week, with shareholdings registered in New Zealand automatically transferring to the ASX for the opening of trading on Monday morning.

MD Doug Rathbone says the company is firmly focused on the continued global expansion of the business and a return to strong profit growth, and looks forward to retaining its New Zealand-based shareholders.

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Ciao NUF and PDL