DNZ Internalises Manager

DNZ Internalises Manager

DNZ Internalises Manager 5/07/2010

On Friday 2 July 2010 the Board of DNZ Property Fund confirmed that the previous management arrangements have been terminated, and DNZ is now led by its Board with Paul Duffy employed as CEO.

The company now has a new constitution that enables the Company to make application to list on the main board of the New Zealand Stock Exchange, which it will look to do shortly.

The Board has also put a resolution to shareholders at the Annual Meeting to raise capital through the offer of shares to existing shareholders on a pro-rata basis. Further details of this proposal are set out in the notice of meeting for the 8 July 2010 Annual Meeting.

For Further Information Please Contact:
Tim Storey, Chairman, DNZ Property Fund Limited
Mobile: 021 633 089 – Email: [email protected]

DNZ Annual Meeting Thursday 8 July 2010 Results
DNZ Trading Halt