Ann: DIRECTOR: ASP: Appointment of Independent Directors to...

• Release Date: 06/11/15 15:31
• Summary: DIRECTOR: ASP: Appointment of Independent Directors to Smartshares Board
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					ASP
06/11/2015 15:31
DIRECTOR
NOT PRICE SENSITIVE
REL: 1531 HRS Australian Property Index Trust (NS)

DIRECTOR: ASP: Appointment of Independent Directors to Smartshares Board

6 November 2015

Appointment of Independent Directors to Smartshares Board

NZX is pleased to announce that Guy Elliffe and John Williams have been
appointed as directors on the board of Smartshares, NZX's Exchange Traded
Funds (ETFs) business, effective today. The Smartshares board has determined
Mr Elliffe and Mr Williams to be independent for the purposes of the Listing
Rules.

Mr Elliffe and Mr Williams join NZX CEO Tim Bennett and CFO Bevan Miller who
continue as Directors on the Smartshares board. NZX Head of Compliance
Kristin Brandon has resigned from the board, effective today.

Mr Elliffe is currently Corporate Governance Manager at the Accident
Compensation Corporation. Previously he was Head of Equities at AMP Capital
Investors (New Zealand) Limited, and has held a range of senior investment
roles in New Zealand and the US.

Mr Williams is an experienced funds management and asset consulting
investment professional. He is currently the Investment Manager at Trust
Investments Management Limited. Previously he was a Key Client Manager at
Vanguard Investments and has held a range of investment strategy roles.

Smartshares is committed to developing a vibrant ETFs market that provides
New Zealand investors with a range of diverse, low-cost and easily accessible
investment options. Last week NZX announced that Smartshares will launch an
additional four ETFs (fixed interest and property) on 12 November, bringing
the total suite of ETFs offered to 23, covering all major asset classes.

The new ETFs will give investors the opportunity to invest in New Zealand
bonds and cash, global bonds and New Zealand listed property businesses.
Following quotation of the new ETFs, expected to commence on 12 November
2015, investors will be able to review an investment statement (which will be
available at www.smartshares.co.nz) and apply online.

Smartshares has applied to the Special Division of the NZ Markets
Disciplinary Tribunal (which regulates Smartshares in place of NZX) for
permission to quote the units in the four new ETFs on the NZX Main Board.
However, the Special Division accepts no responsibility for any statement in
this announcement or in respect of the offer. The NZX Main Board is a
licensed market operated by NZX Limited, a licensed market operator regulated
under the Financial Markets Conduct Act 2013.

For further information please contact:
Kate McLaughlin
Corporate Communications
T: 09 309 3654
M: 027 533 4529
E: [email protected]

About Smartshares
Smartshares is the pioneer of ETFs in New Zealand, launching the first ETF
(TNZ - the NZSX 10 Fund) in 1996. Smartshares is New Zealand's only issuer of
ETFs listed on the NZX Main Board, with in excess of 10,000 unit holders and
more than NZD$900 million of funds under management. Smartshares funds are
listed on NZX so you can buy or sell them just like individual shares. The
listed funds are designed to "track" (or, in some cases, outperform) an
index. Each Smartshares ETF is designed to provide investors with similar
returns to a direct investment in all the securities that make up the ETF. To
learn more please visit: www.smartshares.co.nz

About NZX Limited
NZX builds and operates capital, risk and commodity markets and the
infrastructure required to support them. We provide high quality information,
data and tools to support business decision making. We aim to make a
meaningful difference to wealth creation for our shareholders and the
individuals, businesses and economies in which we operate. To learn more
please visit: www.nzxgroup.com
End CA:00273004 For:ASP    Type:DIRECTOR   Time:2015-11-06 15:31:59