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- Release Date: 08/03/12 15:58
- Summary: GENERAL: PGC: Pyne Gould Corporation Limited Market Update
- Price Sensitive: No
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PGC
08/03/2012 13:58
GENERAL
REL: 1358 HRS Pyne Gould Corporation Limited
GENERAL: PGC: Pyne Gould Corporation Limited Market Update
Pyne Gould Corporation Limited Market Update
Pyne Gould Corporation Limited ("PGC") disclosed to the market yesterday
afternoon that it had sold 19,171,074 shares in PGG Wrightson Limited
("PGGW") at 40 cents per share and had acquired 17,000,000 shares in
Heartland New Zealand Limited at just under 45 cents per share.
PGC Chairman Mr Bryan Mogridge said "This was an opportune trade to reweight
our holdings in two companies in which we expect to make enhanced efforts to
grow shareholder value over the near term."
"This trade reduces our holding in PGGW to 7.02% and increases our holding in
Heartland to 10.39%
For more information, please contact:
Bryan Mogridge
Phone 021-931 355
End CA:00220498 For:PGC Type:GENERAL Time:2012-03-08 13:58:44
