$55 Million Preference Share Listing Thursday, May 29, 2003
Incitec Fertilizers Limited have listed a Redeemable Preference Share on the Newcastle Stock Exchange (NSX Code: IFRHA).
, General Manager of the Newcastle Stock Exchange said that � � the issue is a significant milestone in the evolution of the Exchange. The security was issued by Incitec Fertilizers Limited a wholely owned subsidiary of Incitec Pivot Limited. The capital raising of $55 million preference shares was underwritten by Westpac Institutional Bank. This shows great support for the concept of the NSX by institutions.�
The market capitalisation of the exchange has risen to $82 million, with 13 securities trading and 7 issuers. The NSX currently has seven securities seeking quotation including the NSX�s first property trust, Quantum Property Trust No. 9.
For Further Information please contact, General Manager or the see NSX website.