Founding shareholder sell down outcome

NZ Automotive Investments Limited, 17 Levene Pl, Mt Wellington, Auckland, 1060
+64 (9) 666 0158 | info@nzautomotiveinvestments.co.nz | nzautomotiveinvestments.co.nz
17 September 2021
Company Announcement
NZX:NZA



Founder shareholders sell down update

NZ Automotive Investments Limited (NZX:NZA) has been advised that a substantial shareholder
(Eugene Williams) has successfully sold down in aggregate approximately 4.233 million shares
(comprising 9.3% of NZA shares on issue) in a private placement to a range of investors.

The private placement of 4.233 million NZA ordinary shares was subscribed at an offer price of
$0.93 per share.

As a result, NZA’s free float has increased from ~8% to 18%. NZA is pleased to welcome the
new investors to the company.
Eugene remains a substantial shareholder in the company owning 36% of shares on issue
following the sell-down.
The founder’s successful sell down is aligned to and facilitates the business strategy of
increasing liquidity and broader engagement in the stock.

ENDS

For further information, please contact:


Haydn Marks
Chief Financial Officer
NZ Automotive Investments Limited
Haydn.m@nzautomotiveinvestments.co.nz








About NZ Automotive Investments Limited (NZAI)
NZAI is an integrated used automotive group operating throughout New Zealand via two subsidiaries: Automotive Retail and
Vehicle Finance. NZAI’s mission is to deliver quality cars and financing solutions at the most affordable prices to the average New
Zealander. Operating under the “2 Cheap Cars” brand, its Automotive Retail company is one of the largest used vehicle sellers in
New Zealand with 12 dealerships across the country. Its Vehicle Finance company operates under the “NZ Motor Finance” brand.
It was established in 2019 to diversify earnings and provide a further growth opportunity for NZAI. It originates loans entirely from
cross-selling to Automotive Retail customers, which allows NZ Motor Finance to grow its finance book with minimal acquisition
and administrative costs. www.nzautomotiveinvestments.co.nz