MOVE APPLIES FOR ASX DUAL FOREIGN EXEMPT LISTING
Company Announcement
22 April 2022
MOVE APPLIES FOR ASX DUAL FOREIGN EXEMPT LISTING
Transport and logistics group, MOVE Logistics Group Limited (NZX: MOV), is pleased to advise that it
has lodged an application with the Australian Stock Exchange (ASX) to dual list as a Foreign Exempt
Entity. The application is currently under review by ASX and, subject to acceptance, MOVE expects to
be dual listed on the ASX by the end of May 2022.
MOVE intends to retain its primary listing on the NZX Market (NZX).
The Board believes this is a natural progression for the company, to facilitate greater access to
capital and provide alignment with MOVE’s growing Australian investor base.
MOVE Chair, Lorraine Witten, said: “We remain committed to our New Zealand shareholder base
and our intention is to remain a New Zealand domiciled business. A number of Australian investors
joined the register at the time of the October 2021 capital raise and we have seen continued interest
since then.
“The re-set of the business is well underway and the Board is confident in the company’s future
prospects. The dual listing is a way of accessing a broader pool of institutional and retail investors,
increasing liquidity and facilitating greater access to future capital to fund growth opportunities.”
ENDS
For further information, please contact:
Chris Dunphy
Executive Director
Phone: +61 417 888 930
Email: Chris@movelogistics.com
Lee Banks
Chief Financial Officer
Phone: +64 27 525 2876
Email: Lee.Banks@movelogistics.com
For media assistance, please contact: Jackie Ellis t: + 64 27 246 2505 e: jackie@ellisandco.co.nz
About MOVE Logistics Group Limited (MOV)
MOVE is one of the largest domestic freight and logistics businesses in New Zealand, with a
nationwide network of branches, depots and warehouses.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- BGP — Briscoe Group Limited: BGP – Confirmation of Compliance with NZX Listing Rules2022-03-30
“Briscoe Group Limited is a company incorporated in New Zealand and registered in Australia as a foreign company under the name Briscoe Group Australasia Limited (ARBN 619 060 552). It is listed on the NZX and also the Australian Securities Exchange as a foreign exempt entity. (…”
- AIR — Air New Zealand: Air NZ launches comprehensive recapitalisation package2022-03-30
“IMMEDIATE – 30 March 2022 NZX Limited Level 1, NZX Centre 11 Cable Street Wellington ASX Limited Exchange Centre 20 Bridge Street Sydney AIR NEW ZEALAND LIMITED NOTICE PURSUANT TO CLAUSE 20(1)(a) OF SCHEDULE 8 TO THE FINANCIAL MARKETS CONDUCT REGUL…”
- NZK — New Zealand King Salmon Investments Limited: NZKS FY22 results and NZ$60.1 million equity raising2022-04-13
“--- 1 13 April 2022 NZX Limited Level 1, NZX Centre 11 Cable Street Wellington 6011 New Zealand ASX Limited 20 Bridge Street Sydney NSW 2000 Australia NEW ZEALAND KING SALMON INVESTMENTS LIMITED (NZX: NZK, ASX: NZK): NOTICE PURSUANT TO CLAUSE 20(1)(a) OF SCHE…”