Brief: NZ Automotive Investments Announces Proposed Sell Down By NZA Founder To Improve Liquidity

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17/09/2021 02:29

Sept 17 (Reuters) - NZ Automotive Investments Ltd  NZA.NZ :
    * PROPOSED SELL DOWN BY NZA FOUNDER TO IMPROVE LIQUIDITY
    * SIZE OF SELL-DOWN IS UP TO NZ$5.0M
    * EXISTING SUBSTANTIAL SHAREHOLDER IS COMPLETING A SELL-DOWN
THROUGH A BOOKBUILD PROCESS THROUGH SELECTED RETAIL BROKERS
    * IF PLACEMENT IS FULLY SUBSCRIBED, NZA'S FREE FLOAT WILL
INCREASE
FROM 8% TO 20%

Further company coverage:  NZA.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))