KPG
22/12/2014 09:07
LISTING
NOT PRICE SENSITIVE
REL: 0907 HRS Kiwi Property Group Limited
LISTING: KPG: Kiwi Property commences trading
As one of the final steps of a corporatisation process, units in Kiwi Income
Property Trust (Trust) today converted to shares in Kiwi Property Group
Limited, trading as Kiwi Property, and commenced trading under the NZX ticker
code KPG.
Chris Gudgeon, Chief Executive, said: "With the overwhelming support of our
investors, corporatisation has now been successfully effected to provide the
benefits of cost savings, a streamlined structure and greater protections for
our investors under the Takeovers Code and the Companies Act."
Unit holders have become shareholders in Kiwi Property and the former manager
of the Trust, Kiwi Property Management Limited, has been amalgamated into
this company. The board and management team of the former manager have
become the board and management team of Kiwi Property.
Mr Gudgeon said: "As a result of our corporatisation, we've been able to
refresh our brand to better reflect who we are today; 21 years young and the
largest listed property company on the NZX."
"Our new Kiwi Property logo is all about exceptional people and exceptional
places. It shows the intersection between people (the 'human' brushstroke
axis) and places (the 'structural' axis) coming together as one. It's a
simple expression of 'X marks the spot', and a reminder for us to put the 'X'
in exceptional."
Kiwi Property's objective, which has served investors well for the past two
decades, has not changed. Kiwi Property remains committed to providing
investors with a reliable investment in New Zealand property, and will
continue to target superior risk-adjusted returns over time through the
ownership and active management of a diversified, high-quality portfolio.
> Ends
Contact us for further information
Chris Gudgeon
Chief Executive
email [email protected]
direct +64 9 359 4011
mobile +64 21 855 907
Gavin Parker
Chief Operating Officer
email [email protected]
direct +64 9 359 4012
mobile +64 21 777 055
About us
Kiwi Property (NZX: KPG) is the largest listed property company on the New
Zealand Stock Exchange and is a member of the NZX15 Index. We've been around
for more than 20 years and we proudly own and manage a $2.1 billion portfolio
of real estate, comprising some of New Zealand's best shopping centres and
prime office buildings. Our objective is to provide investors with a
reliable investment in New Zealand property by targeting superior
risk-adjusted returns over time through the ownership and active management
of a diversified, high-quality portfolio. To find out more, visit our
website kp.co.nz
End CA:00259236 For:KPG Type:LISTING Time:2014-12-22 09:07:49
