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NZX Release
15 January, 2021

Settlement of New Plymouth building sale

Further to the announcement made in December 2020 on the NZX, the sale of the New Plymouth building has settled.

Further to the announcement made on 11 December 2020 on the NZX, the sale of the New Plymouth building has settled.

The sale price of $3.95m was more than the $2.1m book value. The gain on sale will be reflected in our full year results for 30 June 2021.

The proceeds of the sale will be used to repay debt to BNZ, the renovation and strengthening of our building at 53 Lunns Road in Christchurch and for working capital.