PLP – Continuing Demand for Units on NZX

PLP - Continuing Demand for Units on NZX Booster is pleased that there continues to be strong demand for units in the PLP through the NZX. Due to the Fund being relatively recently established, the volume of sellers remains low, and has resulted in an increasing level of unfulfilled demand for units. Booster Financial Services Limited (the parent company of the investment manager) has confirmed its intention to purchase further units from the Fund as part of the monthly issue process available from the Manager and will make these units available on the NZX Main Board at the Unit's net asset value. A Director and Officer disclosure notice will be made on 5 November 2019 to confirm the allocation of units it has purchased and that it will resell on-market at NAV. Since its original listing on 18 September 2019, through to 30 October 2019, PLP has issued 5.6 million additional units and the total NAV of the fund has risen by $6.1 million while the per unit NAV has changed from $1.0425 to $1.0488 (which is consistent with the expected returns for the fund). For more information, please contact: Gary Scott Company Secretary Booster Investment Management Limited 04 8944300 About Booster Booster Investment Management Limited (Booster) is the manager of the Fund, and part of the Booster Group which has been helping New Zealanders save since 1998. The group currently administers superannuation and investment funds of over $3 billion on behalf of more than 120,000 New Zealanders. For more information, please visit www.booster.co.nz End CA:00343668 For:PLP Type:GENERAL Time:2019-11-01 17:30:09