Sharesies accredited as NZX trading & clearing participant

NZX has accredited Sharesies Limited as an NZX cash market trading and clearing participant. Wellington-based investment platform, Sharesies, which actively targets retail investors, is the second New Zealand-based participant to join the exchange in the last 12 months. Sharesies Managing Principal Leighton Roberts commented: "We're excited about what this means for growing the number of New Zealand investors. It's great to think that very soon New Zealanders will be able to own a bit of everything on the NZX for less than $2." NZX Executive Director of Markets Development & Clearing Benjamin Phillips commented: "We are excited to welcome Sharesies as an NZX trading and clearing participant. Sharesies, through its innovation, is opening up market access to a wider range of New Zealand retail investors. This supports NZX's strategy of growing market access and investment, and that the share market is a place for investors of all sizes." Sharesies is expected to commence its activities as an NZX cash market trading and clearing participant in mid July 2019. About Sharesies Sharesies is one of New Zealand's fastest growing online investment platforms. It believes someone with $5 should have the same investment opportunities as someone with $500,000. As at 19 June 2019 Sharesies had nearly 48,000 investors on its platform with over $57 million in funds under management. Establishing access to the New Zealand market is just the start. It believes in creating confident and motivated investors. For further information please contact: Hannah Lynch Head of Communications T: 09 308 3710 M: 021 252 8990 E: hannah.lynch@nzx.com End CA:00336304 For:NZXO Type:MKTUPDTE Time:2019-06-20 08:30:46