Pacific Print considers NZSX listing

Commercial printer Pacific Print announced today it was considering listing on the New Zealand Stock Exchange (NZSX). 

Pacific Print said draft proposals would see holders of the company's capital notes have priority right to subscribe for $333 worth of shares for every $1000 worth of Notes at a 5 per cent discount. 

Last year the company raised over $30 million through a capital notes issuance and said it was looking at a possible initial public offering.  

In November last year Pacific Print merged with rival Brebner Print, boosting its turnover to $100 million and propelling it to No 2 commercial printing company in the country, behind Blue Star Group. 

- NZPA