Roc Partners Transaction Settlement
E: info@nzrlc.co.nz | T: +64 9 217 2905
www.nzrlc.co.nz
9 February 2024
Market Update
Roc Partners Transaction Settlement
NZL is pleased to announce that the agreement to sell a 25% equity interest in its land portfolio to Roc Partners
settled today for NZ$44.2m.
NZL’s 19 January 2024 market announcement outlines the key features of the Roc Partners transaction and can be
found here: www.nzx.com/announcements/424985.
NZL will use some of the proceeds to immediately repay the NZ$11.8m convertible note that it drew down in April
2023 to partially fund its NZ$71.0m forestry acquisitions.
The balance of funds has been retained as working capital while NZL considers future growth and capital options.
An announcement of NZL’s preliminary full-year results will be made on or before 29 February 2024.
For further information please contact:
Christopher Swasbrook - Director, NZRLC
Mobile: 021 928 262
Email: chris@nzrlc.co.nz
Richard Milsom - Director, NZRLM
Mobile: 021 274 2476
Email: richard@nzrlm.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.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- ALF — Allied Farmers Limited: Half Year Results to 31 December 20232024-02-28
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- ALF — Allied Farmers Limited: New Zealand Rural Land Company sells 25% of its portfolio.2024-01-18
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