Tuesday 18th July 2017
|Text too small?|
Briscoe Group said it will be admitted to the official list of the ASX, as a foreign exempt entity, from midday in Australia Wednesday and official quotation of the group's securities will begin at 11 am Sydney time Thursday.
The entity has been allocated the ASX code of BGP.
In May the company said it would apply to list on the ASX as a foreign exempt entity but wasn't planning on raising new capital. Briscoe is controlled by managing director Rod Duke, who owns more than three-quarters of the country's biggest retailer, and 91 percent of the stock is held by 32 of Briscoe's 3,393 shareholders.
"We believe that the greater visibility from a dual-listing will contribute to increased investor interest and a broader shareholder base which will increase our ability to take advantage of fresh opportunities that we identify," Duke said in a release to the New Zealand stock exchange Monday.
Briscoe shares rose 0.8 percent to $4.01 on the NZXand have gained 25 percent over the past 12 months.
No comments yet
Powerhouse plans to sell down Invert Robotics stake for $1.3 mln
UPDATE: Economists unimpressed as GDP growth comes in as expected
Chorus plans underwrite for dividend reinvestment programme
NZ net migration up in August, immigration outpaces New Zealanders leaving
UPDATE: Fletcher HR boss Kate Daly jumps ship to BNZ; quarry workers strike
Restaurant Brands second-quarter sales jump 41% on overseas expansion
CBA sells CommInsure, Sovereign to AIA Group for A$3.8 billion
NZ's economy expands 0.8% in 2Q on export, domestic demand
September 21st Morning Report
Fletcher HR, comms boss Kate Daly jumps ship to BNZ; quarry workers strike