Pumpkin Patch Limited Listing on NZX
Pumpkin Patch Limited is pleased to announce that its shares will today list on the New Zealand Exchange. The listing
follows the successful initial public offer and book build which was completed on Friday 4 June 2004. Pumpkin Patch has
been delighted with the high level of retail and institutional investor support that it has received throughout the
offer process.
Pumpkin Patch’s managing director Maurice Prendergast said that the Company “sees listing on the NZX as a further step
in its ongoing growth path and it is looking forward to a positive and successful future as a listed company”.
At the time of listing Pumpkin Patch will have approximately 49% of its register held by new institutional and retail
investors, 9% held in employee related share schemes and 42% owned by shareholders that were on the register prior to
listing.
The issue price was set at $1.25 per share following a book build process that involved international and domestic
institutional investors. At $1.25 per share Pumpkin Patch has an implied market capitalisation of approximately $208
million, making it one of the 40 largest New Zealand companies by market capitalization listed on the NZX.
NZX markets development manager Geoff Brown said Pumpkin Patch was a strong brand that was recognised throughout New
Zealand. "Pumpkin Patch is a well-known company with a quality product and a widely recognised brand," he said. "Because
of that, we're extremely happy to see this company choosing listing as its preferred means for future growth and
expansion."
Pumpkin Patch shares will be quoted on the NZSX under the issuer code “PPL” from 11:00am today (Wednesday 9 June 2004).
Goldman Sachs JBWere (NZ) Limited acted as Lead Manager and Sole Book Runner for the offer.