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PLP – On-market repurchase of units on NZX

Share Buyback30 September 2022PLPReal Estate

PLP – On-Market Repurchase of Units on NZX

30 September 2022


Given the ongoing volatility in global markets, there has been a degree of net seller activity of PLP units

on the NZX. This is in contrast with the regular issue of units by PLP to investors purchasing units directly

from the fund as a continuous issuer.


In recognition of this NZX seller activity, and the current availability of liquidity within the Fund, the

Manager of the Fund has confirmed it will purchase up to 100,000 units via the NZX at a price not

exceeding the latest net asset value, and redeem these units. The on-market purchase will occur on

Monday 3 October. The Manager has arranged that the on-market purchase and subsequent redemption

will be undertaken by Booster Financial Services Limited (the parent company of the Manager).






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 170,000 New

Zealanders.

PLP is a managed investment fund that invests in land and property-based investments by investing in

units in Booster’s Private Land and Property Portfolio. PLP only holds these units.

For more information, including a copy of the Product Disclosure Statement and the latest net asset value

per unit, 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.