Home | Contact Us | About UsPrint | RSS  

  
  Corporate Stock Exchange
 

       WHAT'S NEW Subscribe to feed: | What is RSS?

 
NSX CALLS, eNewsletter, Number 8.
Wednesday, May 02, 2001

Toll Re-Invests in Australian Wine Exchange



Toll Holdings Ltd has announced today that it had participated in the second
round of funding of the Australian Wine Exchange Pty Ltd (AWX). Through its
participation, Toll will retain its 20% equity stake.


The AWX is creating a capital market for the wine industry by being the
Issuer of tradeable securities for premium wine labels proposed to be listed on
the Stock Exchange of Newcastle.


The market will enable premium wine producers to access capital presently
tied up in inventory working capital and to build brand visibility by offering
initial public offers (IPO's) of pre-release premium wine to the client bases of
stockbrokers. The IPO will be in the form a wine security.


Toll Technologies CEO, Mark Rowsthorn said, "Through the AWX, Toll has
built relationships with other leading organisations, including Commonwealth
Securities, and has validated its strategy of selective investment in businesses
that leverageToll's ability to offer specialised solutions."


"Providing innovative fulfilment services to the AWX is part of our plan
to enhance our position as the leading supplier of logistics services in the
Beverages sector", Mark Rowsthorn said.


Toll will perform the AWX services within its Logistics Division's newly
created Wine Services business.


For further information:


Mark Rowsthorn, CEO Toll Technologies

03 9694 2807 or 0418 364 270


Paul Little, Managing Director, Toll Holdings

03 9694 2820 or 0418 335 053


 



ComSec to Distribute AWX Wine Securities



The Australian Wine Exchange Pty Ltd (AWX) today announced that it had signed
an agreement with Commonwealth Securities Limited (ComSec), Australia's largest
on-line broker, for it to be a key distributor of AWX wine securities.


Wine Securities will be redeemable preference shares that provide the holder
with the right to take delivery of premium wine brands at a specified future
date.


AWX CEO, Stephen Thompson, said the agreement would significantly strengthen
AWX's distribution capability.


"This will provide AWX with invaluable exposure to the retail market
place through ComSec's 625,000 clients."


"ComSec has agreed to promote AWX wine security offers and sponsored
research on their site, which will raise our marketing profile and enhance
investor interest.


"The agreement will enable investors to apply for wine securities
on-line, using ComSec's convenient and accessible web site."


As part of the agreement ComSec will receive a firm allocation of all wine
security issues for the next two years.


"ComSec is a leading provider of retail broking services and we're
delighted that they have given the AWX this vote of confidence," Mr
Thompson said.


"The agreement also brings AWX another step closer to becoming
reality."


Mr Thompson said he expected to launch the AWX in September this year.


Further information:


Stephen Thompson, CEO, AWX +61 3 9694 2888 or 0407 515 821


About Australian Wine Exchange Pty Ltd

http://www.awx.com.au 


The Australian Wine Exchange (the AWX) is creating a new capital market for
the Australian premium wine industry. It willoffer wine securities through a
wine exchange market similar to the Australian Stock Exchange.


Prior to the retail release of a premium label, wine producers will apply to
'list' a proportion of that label in the form of a wine security with the AWX.
The listing will form part of an Initial Public Offer, similar to a


public company float, which will be made available to investors through a
range of channels including stockbrokers and on-line brokers.


Wine Securities will be redeemable preference shares that provide the holder
with the right to take delivery of premium wine brands at a specified future
date. Holdings in Wine Securities are intended to be represented by CHESS*


or Issuer-sponsored statements. Listed Wine Securities will trade on the
Stock Exchange of Newcastle (NSX). The wine will be kept in a climate-controlled
warehouse for the duration of the listing period.


At maturity the security holder may either take delivery of the wine, keep it
at the AWX warehouse, or sell it at auction through an AWX partner.




 


ISSUED FOR : NSX LIMITED


FOR FURTHER INFORMATION : MR STEVEN PRITCHARD, CHAIRMAN, NSX LIMITED



https://www.newsx.com.au 


 


Source: AWX, Toll Holdings, NSX

 

 

 Trading as NSX Corporate Stock Exchange | Terms & Conditions | Privacy