New Zealand Exchange Limited (NZX) is pleased to welcome Dairy Equity Limited (DEL) to the NZSX market today.
The DEL listing follows the establishment of DEL which enables shareholders to acquire the beneficial ownership of fair value shares in Fonterra Co-operative Group Limited.
Geoff Brown, NZX Head of Products said the listing of DEL is an opportunity to highlight the importance of the agricultural sector in New Zealand. “There is a lot of interest in the New Zealand dairy sector and investors will now have exposure to the returns generated by our largest export sector and one of the world's leading dairy exporters.”
As an NZX Listed Issuer DEL price information will be available in real-time to over 8,000 NZX Data terminals. “Accessibility to information through an IPO leads to more liquidity and an increase in interest in the company and sector,” said Brown.
Dairy Equity Limited Chairman Peter Jensen said today's listing was of huge significance. "This is really a historic development with the listing creating both new financial options for farmers and a new investment opportunity for investors" said Jensen.
Shares in DEL will be quoted on the NZSX market under the security code DEL from 10am today.
