NZX sells 30% stake in Appello

NZX has sold its 30% shareholding in Appello Services Ltd (ASL), a specialist New Zealand unit registry services business.

The stake was sold to remaining shareholders of ASL who are directors and senior managers, according to the company's website. ASL's chairman is well known businessman Craig Stobo.

The price paid was not disclosed but NZX said it will mean a writedown of about $70,000 on the investment in its accounts.

NZX has retained first right of refusal to purchase any of the shares in ASL.

NZPA

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:

CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report