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Precinct Properties New Zealand ( (NZ:PCT) ) has provided an announcement.
ANZ New Zealand Investments, ANZ Bank New Zealand and ANZ Custodial Services have disclosed movements of more than 1% in their substantial holding of Precinct Properties’ 7.53% convertible notes maturing 21 September 2027. Across related entities, their aggregate interest in the NZX-listed notes shifted between roughly 8.9% and 11.8% of the 85 million notes on issue over trading on 18 and 19 February 2026.
The notices, lodged under the Financial Markets Conduct Act, reflect on-market trades executed over a period from October 2023 through February 2026 and confirm ANZ group entities are acting as investment managers for underlying clients. The change in substantial holding highlights active institutional portfolio management in Precinct’s debt securities, signalling ongoing investor engagement with the company’s capital instruments and liquidity in its convertible notes.
More about Precinct Properties New Zealand
Precinct Properties New Zealand is a listed property company focused on owning and managing premium commercial real estate in New Zealand. Its capital structure includes listed convertible notes, providing investors with fixed-income exposure linked to the company’s property portfolio and future equity conversion potential.
Average Trading Volume: 1,736,952
Technical Sentiment Signal: Sell
Current Market Cap: N$1.95B
For an in-depth examination of PCT stock, go to TipRanks’ Overview page.