Change of Company Name
New Zealand Automotive
Investments Limited
102 Mays Road,
Onehunga,
Auckland, 1061
info@nzautomotiveinvestments.co.nz
nzautomotiveinvestments.co.nz
16 June 2023
Company update
NZX: NZA
Change of Company Name
NZ Automotive Investments Limited (NZX:NZA) (Company) is pleased to announce that the Company’s
name will change from NZ Automotive Investments Limited to 2 Cheap Cars Group Limited, effective on
and from 26 June 2023.
NZX has reserved the ticker code 2CC for use by the Company. The Company has requested that NZX
confirms and processes the change of the Company’s ticker code from NZA to 2CC, effective on and
from 26 June 2023.
CEO, Paul Millward said “2 Cheap Cars is the market leader in affordable cars, we have 135K+ followers
on social media and we’re focussed about what we do. Our brand is about giving New Zealanders a better
deal every day on quality, affordable cars - that’s what we should be shouting from the rooftops from
every single touchpoint”
“This change marks a new beginning. A reset was needed and that is what has happened. It’s now about
accelerating performance to new heights. The new board and CEO are well established now and working
exceptionally well together. We’ve made tremendous progress in the recent months with the appointment
of new Auditor UHY Haines Norton Sydney, successfully changed over trade finance providers to
strengthen our access to funds. There is almost an entirely new leadership team in place and their
progress on results over the last quarter in particularly is a great start. We’ve done a reset, the past is
past and we want to be judged on our performance from this point forward,” Stiassny says.
This announcement has been authorised by the Chair of the Company’s Board, Michael Stiassny.
For further information please contact:
Paul Millward
CEO
NZ Automotive Investments Limited
Mobile: +64 27 448 6458
Email: paul.m@nzautomotiveinvestments.co.nz
About NZ Automotive Investments Limited (NZAI)
NZAI is an integrated 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.
www.nzautomotiveinvestments.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.
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