NZX Announcements

Chairman Sir John Anderson Retires From NPT Board

NPT (NZX: NPT) wishes to announce the retirement today of its Chairman, Sir John Anderson, following a six year tenure on the Board. Sir John joined in 2011 and has guided the Company through its transition from a property trust to its present structure. He signalled his intention to retire this position some months ago, … [Read more…]

Market Announcement – Discontinuance of Legal Action By Augusta

11 January 2017 Discontinuance of legal action by Augusta NPT Limited (NZX: NPT / ‘the Company’) advises that Augusta Limited (NZX: AUG) has discontinued its High Court proceeding against NPT relating to the timing of an upcoming Shareholder meeting to consider resolutions proposed by Augusta, including the composition of the NPT Board. This means that … [Read more…]

Shareholder Update

5 December 2016 Dear Shareholder, RE: IMPORTANT INFORMATION REGARDING THE FUTURE OF NPT AND YOUR INVESTMENT This letter is a follow up to recent NZX market announcements regarding the future of NPT Limited. The Board of Directors and the management of NPT want to ensure that all shareholders are kept well informed. In the event … [Read more…]

Market Announcement

2 December 2016 Market Announcement from NPT: Board restates commitment to February shareholder meeting – legal proceedings “unfortunate distraction”                                                                                    NPT advises that the High Court has scheduled a hearing date of February 10, 2017, to consider Augusta Capital’s application to require NPT to hold a shareholder meeting as soon as reasonably possible. The timing considerations … [Read more…]

NPT Limited – 2017 Interim Results

FOR IMMEDIATE RELEASE 22/11/16 NPT Limited Releases – 2017 Interim Result NZX-listed property company NPT Limited today announced a trading profit of $3.390 million for the six months to 30 September 2016, a 2.26% increase on the same period in 2015. Gross rental income decreased by 0.47% from $8.466 million in September 2015 to $8.426 … [Read more…]

Further Update on Proposals

Further Update of Proposals The Board of NPT met again last Friday to discuss the special meeting of shareholders that is to be called to consider the resolutions proposed by Augusta Capital Limited (“Augusta”) to remove certain directors. The Board of NPT has confirmed its commitment to holding that meeting and allowing shareholders to determine … [Read more…]

Update on Augusta Capital Proposal

Further to the announcement on October 28th, the Board of NPT wishes to provide an update on progress since receiving the request from Augusta Capital (“Augusta”) to call a special meeting of shareholders. Firstly, the Board is seeking guidance from the NZX in regards to some aspects of the Augusta request to call a special … [Read more…]

Acknowledges Receipt of Augusta Capital Proposal

The Board of NPT met yesterday to consider a number of proposals for the company. Subsequently, the Board has today received a proposal from Augusta Capital and also a notice under Section 121 of The Companies Act requesting a special meeting of shareholders. The proposal and the notice are attached to this announcement and available … [Read more…]

Appointment of Independent Director

The board of NPT is pleased to announce the appointment of Tony Sewell as an Independent Director, following the casual vacancy created by the retirement of Tony McNeil earlier this year. Tony Sewell was, until recently, Chief Executive of Ngai Tahu Property. During his twenty-year tenure at Ngai Tahu Property, Tony oversaw growth in the … [Read more…]