NZIJ 'in discussions'

By Phil Boeyen, ShareChat Business News Editor

Thursday 6th September 2001

Financial services company NZIJ.co.nz (NZSE: NZI) has issued a don't sell notice pending further announcements.

The business, which went to the market last year as a New Capital Market listing, says it is currently in discussions with a party which, if concluded, will have a material impact on the company.

"The directors of NZIJ.co.nz advise shareholders not to sell or otherwise deal in their securities in the company pending the outcome of these discussions," the company says.

"Further announcements will be issued as soon as these discussions have progressed to an appropriate stage, or reached a conclusion, which is anticipated to occur during September."

NZI announced a loss of $198,000 for the year ended March on sales revenue of $112,000.

Its businesses include stockbroking and investment banking firm Reuhman & Co and it also publishes the New Zealand Investment Journal.

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