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Share Buyback
Following the first Share Buyback on 8 February 2024, the second Share Buyback was completed on the 7 March 2025. All Shareholders requests were met.
The intent is to make further Share Buyback offers to Shareholders on a periodic basis. The Board consider that this potentially provides liquidity windows for Shareholders who have different investment horizons.
Other potential exit options are detailed below. Please also refer to the PDS for more information.
Crossgate Capital intends to make an offer, on a periodic basis, to all Shareholders to buy-back their Shares. The first offer was completed on 8 February 2024. All Shareholders requests were met, with over NZD $1 million of capital returned.
When you are ready to sell your shares
Crossgate Capital provides investors an easy on-ramp to a modern product whilst providing all the benefits that are associated with a traditional Share offer, such as being able to list the Shares on the Unlisted Securities Exchange (USX)*,which is located in New Zealand. Crossgate Capital's ticker code is CCL.
This aligns with our objective to deliver a strong return with the potential flexibility provided by listing on the USX Main Board.
The USX is a cost-efficient and simple share trading platform for Crossgate Capital to provide liquidity to Shareholders. It provides a mechanism for Crossgate Capital Shareholders to sell their Shares, if there are interested buyers.
All trading is conducted by five USX registered brokers:
Craigs Investment Partners, Jarden NZ, Forsyth Barr, Hamilton Hindin Greene and JB Were.
Crossgate Capital
Crossgate Capital can also potentially facilitate the sale of your Shares by matching the buyers and sellers of Shares, if there are interested buyers.
We have facilitated multiple trades between Shareholders with the matching process being undertaken during our regular allotment process.
Should you wish to sell your Shares, for any reason, please contact us to discuss the various options available to you.
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Call us on freephone 0800 378 489 (EQUITY)
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Email info@crossgatecapital.co.nz
*About USX
The USX a New Zealand based prescribed exempt financial product market was launched in December 2003 originally trading as the Unlisted Securities trading facility.
As at August 2024 the USX has facilitated in excess of 22,000 trades for 401m shares with a value of over $608m. The total market capitalisation has grown to approximately $2b and their issuers have raised over $486m while listed on the market including an IPO.
You may be able to sell your Shares on the USX if there are interested buyers. The USX is not a licensed financial product market or regulated under New Zealand financial markets laws. Investors trading in securities quoted on the USX trade at their own risk and do not have the protections provided by Part 5 of the Financial Markets Conduct Act 2013 and the monitoring of market obligations by the Financial Markets Authority (FMA).
Efficient Market Services Limited, which operates the USX accepts no responsibility for any statement on this website.
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