BIF acquires shares in Scentian Bio

Friday 18th August 2023

Scentian Bio operates in the bio sensor part of the information technologies sector. It specialises in rapid and objective detection of taste and smell factors, was formed in 2020, and is classified as seed stage, with its technology originating from Plant and Food Research.

BIF will make a cash investment of $200,000. Following this transaction (and issue of additional units to fund the purchase), Scentian Bio will represent 1.2% of BIF’s investment portfolio of over 30 companies, and with a net asset value of over $16.9 million.

Investors can continue to purchase units in BIF on the NZX or can subscribe for units in the fund as part of the process described in the fund’s Product Disclosure Statement (PDS) that is available at www.booster.co.nz

For further information regarding BIF visit https://www.booster.co.nz/booster-investments/booster-innovation-fund.aspx

For more information, please contact:

Gary Scott

Company Secretary

Booster Investment Management Limited

04 8944300

About Booster

Booster Investment Management Limited (Booster) is the manager and issuer of the Fund, and part of the Booster Group which has been helping New Zealanders save since 1998. The group currently administers superannuation and investment funds of over $5 billion on behalf of more than 190,000 New Zealanders.

BIF is a managed investment fund that invests in early-stage companies founded on intellectual property originated or developed in New Zealand.

For more information, including a copy of the Product Disclosure Statement, please visit www.booster.co.nz

BIF acquires shares in Scentian Bio

Comments from our readers

No comments yet