PLP – Continuing Demand for Units on NZX
PLP – Continuing Demand for Units on NZX
Booster is pleased to acknowledge the strong level of buyer demand for units in the PLP through the NZX
that has been placed over the last few days. As the volume of sellers remains extremely low this has
resulted in an increasing level of unfulfilled demand for units.
To meet this demand, the Manager of the Fund will issue further units with an effective date 17 January
2020. Booster Financial Services Limited (the parent company of the Manager) has confirmed it will
purchase units from the Fund and will make these units available on the NZX Main Board at the Fund’s
net asset value. These units will be available on Wednesday 22 January 2020 on completion of the 2-day
settlement process.
A Directors and Officers’ interests disclosure notice will be made on 22 January 2020 to confirm the
allocation of units it has purchased and that it will resell on-market at NAV.
Since its original listing on 18 September 2019, through to 14 January 2020, PLP has issued 8.6 million
additional units and the total NAV of the fund has risen by $9.7 million while the per unit NAV has
changed from $1.0425 to $1.0603.
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 $3 billion on behalf of more than 120,000 New
Zealanders.
For more information, including a copy of the Product Disclosure Statement, please visit
www.booster.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.