BIF adds Zincovery to its investment portfolio

Friday 25th October 2024

Booster is pleased to announce the addition of Zincovery Process Technologies Limited (ZPT) to the Booster Innovation Fund (BIF) portfolio.

ZPT operates in the materials recycling part of the energy and clean technologies sector. It specialises in zinc recycling having developed an alternative approach that reduces carbon emissions for the industry. ZPT was spun out in 2021, and is classified as early stage, with its technology origins being from University of Canterbury.

BIF will make a cash investment of $394,000. Following this transaction (and issue of additional units to fund the purchase), ZPT will represent 2% of BIF’s investment portfolio of 34 active companies, and with a net asset value of over $20.3M.

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 $6 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

Booster Innovation Fund adds Zincovery to its investment portfolio

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