OceanaGold replaces APN in NZX 50
Dual-listed mining company steps up in place of struggling media business.
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Dual-listed mining company OceanaGold (NZX:OGC) has been promoted to the NZX 50 Index following the June Quarterly Index Review.
It replaces APN News & Media (NZX:APN), which recently announced a loss for the six months to June 30 as a result of a writedown on the New Zealand Herald.
APN has been relegated after failing to meet the liquidity requirements to make the NZX 50.
OceanaGold shares are trading at $2.90, giving it a market capitalisation of $761.5 million.
The changes to the index will kick in on Monday September 19.
Niko Kloeten
Thu, 08 Sep 2011
Thu, 08 Sep 2011
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OceanaGold replaces APN in NZX 50
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