Pacific Edge Joins Top NZ Companies on S&P/ NZX 50 Index
S&P/ NZX 50 Indices have announced that Pacific Edge will replace Metlifecare on the NZX 50.
Pacific Edge Chairman, Chris Gallaher, commenting on the significance of the move, said: “This is another positive step for Pacific Edge as we build on the commercial milestones we have successfully achieved, particularly in the multi-billion dollar United States market. Index inclusion will increase our relevance to New Zealand and offshore investors and there are a number of funds that are mandated to hold stock of those companies that are in the NZX50. This is rewarding for our long standing and loyal shareholders who have supported our company as we have worked towards achieving our goals.”
S&P Dow Jones Indices have confirmed that Pacific Edge will be added to the NZX 50, NZX 50 Portfolio, and NZX MidCap Indices, effective prior to the opening of trading on 21 October 2020.
The S&P Dow Jones Indices announcement can be read here.