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NZX Limited — Capital/Financing Update 2019
May 21, 2019
66248_rns_2019-05-22_2bd66eaa-a77d-470e-8420-6cfb83d688a1.pdf
Capital/Financing Update
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NZX Limited Level 1, NZX Centre 11 Cable Street PO Box 2959 Wellington 6140 New Zealand Tel +64 4 472 7599
22 May 2019
NZX announces sale of FundSource
NZX has entered into a conditional sale and purchase agreement with Zenith Investment Partners in respect of the sale of its FundSource business.
The sale price is confidential (although it is not material) and the transaction is expected to settle during May 2019.
NZX will work with Zenith to ensure a seamless transition for all customers. This completes the divestment of NZX's non-core businesses.
About Zenith
Zenith Investment Partners (Zenith) is one of Australia's leading investment research providers. It is dedicated to the delivery of premium, managed fund investment research and portfolio solutions, including managed accounts, for financial advisers and other investment intermediaries.
Established in 2002, Zenith is privately owned and provides advice based research solutions. It aims to strengthen the value proposition and entrustment of financial advisers with their clients, and is built on two key principles: investment research excellence and a business model aligned with advice practice success.
For further information please contact: Hannah Lynch Head of Communications T: 09 308 3710 M: 021 252 8990 E: [email protected]
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