PLP – Increased Demand for Units on NZX

PLP - Increased Demand for Units on NZX Booster has recognised the increase in buyer demand for PLP units through the NZX over the last few days. As the volume of sellers remains low this has resulted in an increasing level of unfulfilled demand for units, and an increase in the NZX traded price. To meet this demand, the Manager of the Fund will issue further new units to all pending applicants with an effective date 17 August 2020. Booster Financial Services Limited (the parent company of the Manager) has confirmed it will purchase approximately 100,000 units from the Fund and will offer these units on the NZX Main Board at the Fund's net asset value. These units will be available on Wednesday 19 August 2020 on completion of the 2-day settlement process. Since its original listing on 18 September 2019, through to 13 August 2020, PLP has issued 13.8 million additional units and the total NAV of the fund has risen by $15.1 million while the per unit NAV has changed from $1.0425 to $1.0591 (after a distribution in March of $1.2 million and $0.03 per unit). 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 and issuer 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, including a copy of the Product Disclosure Statement, please visit www.booster.co.nz End CA:00358130 For:PLP Type:GENERAL Time:2020-08-17 16:03:55