PLP – On-market repurchase of units on NZX
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.