NTH
25/07/2014 09:32
NAME
REL: 0932 HRS Northland Port Corporation (NZ) Limited (NS)
NAME: NTH: New Name For Northland Port Corporation
MARSDEN POINT, Northland - Northland Port Corporation (NZ) Ltd (NSX:NTH) has
today advised of the Board of Directors decision to change the company's
registered name to Marsden Maritime Holdings Limited with effect from 4
August 2014.
The company's three-letter New Zealand Stock Exchange ticker will be MMH.
The change will reduce ongoing confusion between the operations and interests
of the company and those of Northport Ltd, the deep-water port at Marsden
Point owned jointly by Northland Port Corporation and Port of Tauranga Ltd.
It will also better reflect the company's various marine and property
interests.
Marsden Maritime Holdings will remain the designated port company.
"While Northport is a vital part of our asset portfolio it is not the only
part," said NPC chief executive Graham Wallace.
"Our substantial property assets absorb much of our focus and recently we
acquired the neighbouring Marsden Cove marina which we intend to use to help
develop activity on our land holdings.
The company's new logo speaks to this diverse array of interests; blue
represents the ocean, green depicts the land and yellow stands for the
coastline that unites them.
"Our new name and logo better reflect our vision for the Greater Marsden
Point area and we believe it will convey this ambition more effectively to
potential business partners and the investment community," Wallace said.
ENDS
For further information please contact:
Peter Heath, Due North Public Relations
09-4074695 / 021-456353
[email protected]
End CA:00253085 For:NTH Type:NAME Time:2014-07-25 09:32:49
