NZX Announcements

NPT FY 2018 Financial Results

29 May 2018 NPT Limited is pleased to announce its financial results for the year ended 31 March 2018. The year ended 31 March 2018 represents consistency in operating earnings against the prior corresponding period (pcp) however revaluation adjustments and loss on disposal have resulted in a 2.3% reduction in net tangible assets.NPT Chairman, Bruce … [Read more…]

CHANGE IN OFFICES AND SENIOR MANAGERS FOR NPT LIMITED

NZX RELEASE 27 March 2018 CHANGE IN OFFICES AND SENIOR MANAGERS FOR NPT LIMITED NPT is pleased to confirm that the sale of the management rights to Augusta Funds Management Limited settled on 26 March with the $4.5 million payment being received from Augusta. As a result of the management agreement with Augusta commencing, NPT … [Read more…]

NPT to get a refresh and a new name under Augusta’s management

SALLY LINDSAY | NBR | MARCH 20th NZX-listed property company NPT is to be turned into a value-add vehicle under Augusta Capital’s guidance after shareholders voted by 97% in favour selling the management of the company to its 19.8% shareholder. Augusta’s managing director Mark Francis told shareholders NPT will be rebranded to get rid of … [Read more…]

NPT Shareholders Approve Externalisation of Management

NPT Limited shareholders voted today to approve the externalisation of the management of NPT to Augusta Funds Management Limited, a subsidiary of Augusta Capital Limited (NZX: AUG), at a Special Meeting of Shareholders. 96.71% of votes cast were in favour of the resolution put to shareholders to approve the externalisation proposal. The transaction was conditional … [Read more…]

Special Shareholder Meeting Papers

Please read the attached papers for the 2pm Special Shareholder Meeting on the 19th of March 2018. Chairman’s Address Chairman’s Presentation Augusta Presentation      

External Management Proposal – Notice of Meeting Issued

NPT Limited (NZX: NPT) advises that a Notice of Meeting has been sent to all shareholders for a special meeting to consider and vote on a proposal to externalise the management of NPT to Augusta Funds Management Limited, a wholly-owned subsidiary of Augusta Capital Limited (NZX: AUG). The meeting is to be held at 2pm … [Read more…]

External Management Proposal – Special Meeting to be Called

External Management Proposal – Shareholders to Vote at Special Meeting The Board of NPT Limited (NZX: NPT) advises that a binding agreement has now been entered into between NPT and Augusta Capital Limited (NZX: AUG) to externalise the management of NPT, following a comprehensive due diligence process and negotiation of terms.While the agreement is binding, … [Read more…]

Sale of Property – 17 Print Place, Christchurch

NPT Limited (NZX: NPT) advises it has accepted an offer for the sale of its Print Place, Christchurch property.The NPT Board formed a view that this property no longer fits with its preferred strategy for the future of NPT and therefore should be sold.Print Place is an industrial property in Christchurch. Although higher than average … [Read more…]

NPT Limited – FY 2018 Interim Results

NZX-listed property company NPT Limited today released its Interim Report and Interim Results Presentation for the six months ended 30 September 2017. Key Points (prior period to 30 September 2016 figures in brackets). • Net profit before tax increased by 6.35% to $3.066m ($2.883m). • Net profit after tax decreased by 4.74% to $2.411m ($2.531m). … [Read more…]

External Management Proposal Received From Augusta

NZX Announcement – 28 November 2017 NPT Limited (NZX: NPT) advises that, following receipt of a proposal from Augusta Capital Limited (NZX: AUG), it has entered into an agreement in principle on key terms to externalise the management of NPT to Augusta. The agreement is non-binding and is subject to due diligence by both parties, … [Read more…]