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NZME ( (NZMEF) ) has shared an announcement.
Pinnacle Investment Management Group has reduced its substantial shareholding in NZME, decreasing its stake from about 11% to just over 9% of the company’s ordinary shares. The change follows a series of trades including purchases in December 2024 and a significant sale on 6 March 2026, leaving Pinnacle with 17.1 million shares held via Citicorp Nominees.
The move reflects a rebalancing of Pinnacle’s position rather than an exit, as the investor retains a sizeable interest and ongoing voting influence through its role as responsible entity or trustee for various investment schemes. NZME’s shareholder register thus remains supported by a major institutional holder, though the reduced stake may marginally affect the stock’s free float dynamics and signal portfolio adjustments by Pinnacle.
More about NZME
NZME is a New Zealand-based media company listed on the NZX and ASX, with a primary focus on publishing, radio, and digital media assets that serve news, entertainment, and advertising markets nationwide. Its shareholder base includes institutional investors such as Pinnacle Investment Management Group, whose holdings can influence trading liquidity and market perception of the stock.
For a thorough assessment of NZMEF stock, go to TipRanks’ Stock Analysis page.