News | Business
23 Sep 2017 21:18
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Olympic Games
  • Ski Report
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Briscoes to join ASX

    New Zealand listed retailer Briscoes will be admitted to the official list of Australian ASX this week, the company has confirmed.


    Briscoe Group says it will be admitted to the official list of the ASX, as a foreign exempt entity, from midday in Australia Wednesday.

    Official quotation of the group's securities will begin at 11am Sydney time Thursday.

    The entity has been allocated the ASX code of BGP.

    In May the company said it would apply to list on the ASX as a foreign exempt entity but wasn't planning on raising new capital. Briscoe is controlled by managing director Rod Duke, who owns more than three-quarters of the country's biggest retailer, and 91 per cent of the stock is held by 32 of Briscoe's 3393 shareholders.

    "We believe that the greater visibility from a dual-listing will contribute to increased investor interest and a broader shareholder base which will increase our ability to take advantage of fresh opportunities that we identify," Mr Duke said in a release to the New Zealand stock exchange Monday.

    Briscoe shares rose 0.8 per cent to $4.01 on the NZXand have gained 25 per cent over the past 12 months.


    NZN




    © 2017 NZN, NZCity


     Other Business News
     23 Sep: New section of pipeline passes inspection
     22 Sep: NZ dollar falls on eve of election
     22 Sep: Fuel rations relaxed at Auckland Airport
     22 Sep: Australia-Indonesia trade deal needs more political will to succeed, negotiator says
     22 Sep: Warehouse beats profit forecasts
     22 Sep: Crown gets second go at $3.6m prosecution
     21 Sep: NZ shares down as Fletcher drops
     Top Stories

    RUGBY RUGBY
    Altitude worries all in our heads: Cheika More...


    BUSINESS BUSINESS
    New section of pipeline passes inspection More...



     Today's News

    Accident and Emergency:
    Eight-vehicle crash at Wairakei, 15 hurt 21:07

    Entertainment:
    Kate Bosworth's stepdaughter has reminded her what her "angst-ridden" twenties were like 21:04

    Politics:
    Peters chipper in tight electorate race 20:57

    Politics:
    Early election results favour National 20:37

    Politics:
    Morgan blasts 'selfish' voters 20:37

    Entertainment:
    Kevin Hart is reportedly throwing his pregnant wife a $118,000 baby shower 20:34

    Politics:
    We couldn't have done better: Labour pres 20:17

    Entertainment:
    Ne-Yo has banned himself from wearing a hat for the whole of 2017 20:04

    Entertainment:
    Margot Robbie had to take a role in 'Goodbye Christopher Robin' because she has loved Winnie the Pooh her entire life 19:34

    Rugby:
    Altitude worries all in our heads: Cheika 19:27


     News Search






    Power Search


    © 2017 New Zealand City Ltd