NZX Limited announces outcome of Subordinated Notes election process
The election process run by NZX Limited (“NZX”) prior to the first election date (Tuesday, 20 June 2023) of NZX's unsecured, subordinated notes (“Subordinated Notes”) (NZX010) has been completed.
The outcome of the election process is as follows:
• $28,588,000 of Subordinated Notes will be retained by Holders, subject to the new conditions; and
• $11,412,000 of Subordinated Notes will be purchased by NZX and offered for sale.
Trading halt:
Trading in the Subordinated Notes (NZX010) was suspended at the close of business on Tuesday, 2 May 2023. Trading in the Subordinated Notes (under new ticker NZX020) is expected to resume on Wednesday, 21 June 2023, being the trading day immediately following the election date.