Sharechat Logo

Zespri shares up 10% on SunGold licencing announcement

Monday 28th November 2016

Text too small?

Zespri shares have jumped 10 percent in response to the kiwifruit marketer's announcement that it will sell licences for another 400 hectares of the SunGold variety next year, with a further 400ha to be released in 2018, 2019 and 2020 subject to the product's performance and global demand. 

The member-owned company has shares that trade on the Unlisted platform and were halted last week ahead of the announcement. 

The shares had traded at $3 prior to the announcement but had a busy day today with a turnover of 165,580 shares at a price of $3.30. The trading halt was lifted on Friday. The largest trade was for 65,580 shares, with a value of $216,414.00. 

In August, the shares traded as high as $3.50, but were as low as $1.75 in March. Zespri shares can only be owned by growers, with voting rights dependent on production.

BusinessDesk.co.nz



  General Finance Advertising    

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.

Related News:

HLG Full Year Results for the period ending 1 August 2025
TWR - Tower announces partnership with Westpac NZ
PaySauce charts Australian launch; reiterates guidance
September 26th Morning Report
Fonterra reports continued strong performance in FY25
Air NZ issues Australian $300 million Medium Term Notes
KMD - FY25 Annual Results Announcement
Tower successfully renews insurance programme for FY26
September 24th Morning Report
AIA - Auckland Airport considers bond offers