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USX Has completed a Successful year.

Friday 1st March 2019

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Unlisted launched its new trading platform and logo for its exchange in February 2019.

 

Unlisted has announced that since then it has facilitated 846 trades for 18.6 million shares worth $39.3 million. It also added three new issuers – Martin Jetpack, Windflow Technology and Sports and Education Corporation, the latter being added in December.

 

Unlisted's combined market capitalisation has now reached a peak of $2.8 billion, while entities Zespri and Skyline both broke through $1 billion in market capitalisation during the year (Skyline has since retreated).

 

Over the year, USX issuers also raised $91 million and saw a new broker join. The exchange also initiated electronic clearing and settlement via NZX's BANCS. Eight system upgrades were rolled out and the MBIE was seen on behalf of the Minister of Commerce and Consumer Affairs to complete a successful review of the terms of the exchanges' exemption, which was left unchanged.

 

Unlisted also successfully completed a disaster recovery test will continued to propose a Value in Exchange proposition remains valid for Issuers, Investors and Brokers alike, as a trading platform for Issuers to allow shareholders to trade shares, the focus remains on being easy to use and cost effective.

 

Unlisted Exchange looks forward to a successful and innovative 2019 going forward.

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