Ann: GENERAL: NZX: NZX welcomes first NXT market listing

• Release Date: 18/06/15 08:30
• Summary: GENERAL: NZX: NZX welcomes first NXT market listing
• Price Sensitive: No
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					NZX
18/06/2015 08:30
GENERAL
NOT PRICE SENSITIVE
REL: 0830 HRS NZX Limited

GENERAL: NZX: NZX welcomes first NXT market listing

NZX is pleased to welcome G3 Group Limited as the first company to list on
NXT, a new NZX market designed for small and mid-sized businesses. The
listing, which will take place at 11.00am today, also marks the official
launch of NXT.

NZX CEO Tim Bennett commented: "Today's launch is a key milestone in the
development of New Zealand's capital markets, representing many years of work
and consultation with the industry."

"The NXT market will provide capital to the next wave of New Zealand
businesses, and for investors, the opportunity to gain exposure to these
businesses via a liquid, robust marketplace."

"We would like to extend our thanks to everyone in the market who has
provided valuable input and advice to help us launch this new, innovative
market for New Zealand businesses."

Today also marks the release of G3 Group Limited's first independent research
report from Edison Investment Research, the independent research provider for
the NXT market. The initiation research note will be available to the public
free to download from this morning from the NXT website www.nxt.co.nz and
investors can expect updated research after the interim and annual results
announcements.

A new regulatory regime in New Zealand, led by the introduction of the
Financial Markets Conduct Act, has provided the flexibility to develop new
markets for different types of companies and groups of investors.

New Zealand businesses now have a broader range of capital raising options to
choose from, depending on their size and scale. NXT is different to other
markets and positions itself as a 'stepping stone' market to the NZX Main
Board.

Key features of NXT:

o A market aimed at small to mid-sized businesses with an expected market cap
of $10-100 million
o Reduced costs and complexity, both during the listing process and ongoing
o More support for companies listed on the market
o A streamlined regulatory environment, with a set of simpler, template-based
rules and procedures
o The presence of market making and research to aid liquidity
o Better information on companies for investors through quarterly updates,
research coverage and key operating milestones
o Provides fundamental investor protections required by any public market: a
clear disclosure regime, along with surveillance and enforcement of insider
trading and market manipulation
o More information at www.nxt.co.nz

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

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
about NZX, please visit: www.nzxgroup.com
End CA:00265817 For:NZX    Type:GENERAL    Time:2015-06-18 08:30:06