GPG confirms notes issue

The investment company says it will hold a meeting in London next month to approve the allotment of the notes, which will be fully underwritten by lead broker J B Were.

The notes will only be offered in New Zealand.

GPG chairman, Sir Ron Brierley, says the issue will be a useful addition to company's range of capital resources when considering prospective investments.

The August meeting will also consider the adoption of the proposed 2001 share option scheme.

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