“We believe there are clear opportunities to improve competitive tension in the registry business in New Zealand by providing a modern, cost efficient alternative that will benefit listed companies both domestically and offshore,” said Carl Daucher, NZX Head of Strategy.
“There are two providers in the current market, Computershare Limited and BK Registries Limited, and we think there is a great deal of scope for improving customer outcomes through real competitive pressure,” said Daucher. “As would be expected, we are rigorously assessing our options in this space and at this time are focusing on an organic build,” said Daucher.
It is envisaged that, if developed, the registry business will be a stand alone business unit or possibly a subsidiary, separated entirely from NZX’s duties as market operator and regulator. It would be treated in exactly the same manner as other registry businesses in the New Zealand market, and will stand alone as a commercial entity.
NZX will provide further details as required under its continuous disclosure obligations.
