Witan Investment Trust plc is one of the oldest investment trusts listed on the London Stock Exchange, having been established in 1909. Today it is one of the largest of the global growth trusts, with gross assets of approximately GBP1.5 billion, and more than 60,000 shareholders.
Managing Principal, Matthew Rose of Rose Capital Management Limited, said that Witan Investment Trust plc views listing in New Zealand as a means of further broadening its shareholder base of retail and private investors in an important market. "The company views its NZSX listing as an important platform to communicate its value proposition to a new set of potential investors seeking quality investment choices".
"We are pleased to welcome Witan Investment Trust plc to the NZSX Market," said Geoff Brown, NZX Market Development Manager. "NZX is keen to see a broader range of products listed on our various markets to provide greater choice for investors wanting to expand their investment horizons. Listed Investment Trusts are such products; and represent a great opportunity for investors to diversify their portfolios."
Shares in Witan Investment Trust plc will be quoted on the NZSX Market under the security code WIT from 10am today.
Rose Capital Management Limited, as Organising Participant for the listing, are holding presentations about Witan Investment Trust plc by its CEO, Mr Jim Horsburgh and Marketing Director, Mr James Budden at the following venues and times:
- Auckland: Monday 13 March 2006 - 11.00am Stamford Plaza Hotel, 22 Albert Street
- Wellington: Monday 13 March 2006 – 4.45pm InterContinental Hotel, 2 Grey Street
- Dunedin: Tuesday 14 March 2006 – 12.00 noon Greenslades Boardroom, 330 Moray Place
- Christchurch: Tuesday 14 March 2006 – 5.00pm Crowne Plaza Hotel, Durham Street
