Minimum holdings of NZX listed securities
Minimum security holdings at any time, unless otherwise determined by NZX, are as follows:
(a) In relation to equity securities (shares), a holding with a market price at the relevant time of:
| Number of Units | Price (both figures inclusive) |
| 2,000 | Where the price does not exceed 25 cents |
| 1,000 | Where the price exceeds 25 cents but does not exceed 50 cents |
| 500 | Where the price exceeds 50 cents but does not exceed $1.00 |
| 200 | Where the price exceeds $1.00 but does not exceed $2.00 |
| 100 | Where the price exceeds $2.00 but does not exceed $5.00 |
| 50 | Where the price exceeds $5.00 but does not exceed $10.00 |
| 25 | Where the price exceeds $10.00 |
(b) In relation to rights to equity securities, the number that would, upon exercise, convert to a minimum holdings as specified in (a).
(c) In relation to debt securities, a holdings with $5,000 or $10,000 principal amount.
(d) In relation to any other securities, a holding with $1,000 face value.
Bay Financial Partners wishes to advise where the minimum holding requirement is met at the time of order submission or order execution but, due to a price variation or corporate action, is no longer met on settlement; the security holding will not be registrable.
Where this occurs Bay Financial Partners will contact you. At this point you will have two options:
1. Purchase additional shares to raise the parcel above the minimum holding.
2. Reverse the transaction.
- Last updated on .