FLI
09/04/2015 13:57
GENERAL
NOT PRICE SENSITIVE
REL: 1357 HRS Fliway Group Limited
GENERAL: FLI: Media Release - Listing positions Fliway for the future
Fliway successfully completed its initial public offering today, raising $25
million to debut on the NZX Main Board. At the listing price of NZ$1.20,
Fliway's market capitalisation was NZ$54.5 million.
Fliway operates in the transport and logistics sectors in New Zealand and
internationally, with a particular focus on specialised, high-value freight.
It also operates a joint venture courier service in partnership with UPS, one
of the world's largest package delivery companies.
Chairman Craig Stobo said the IPO that will increase the profile of the
specialist transport provider, broaden its investor base and allow it to take
full advantage of future opportunities in the transport and logistics
sectors.
Mr Stobo said new investors would be in a position to benefit from the
significant investment Fliway has made recently in its assets, staff and
infrastructure.
NZX Chairman Andrew Harmos welcomed Fliway to the exchange, saying he wished
the company a long and successful future on the NZX.
Fliway's shares trade under the code FLI on the NZX Main Board. Forsyth Barr
acted as arranger and lead manager to the offer.
End CA:00262917 For:FLI Type:GENERAL Time:2015-04-09 13:57:51
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