G3 GROUP LIMITED(GGL)

delisted from NZX

we understand the board decided on a privatisation of the company given the NXT market had not achieved critical mass, shares were rarely traded and listing costs outweighed the benefits - major shareholders concurred and the company bought back the shareholdings of some minorities at a Buyback Price of $0.75 per share

G3 Group Limited (NXT: GGL) ("G3") announces that today its Board received a proposal from the Christian Family Trust Limited ("CFT"), G3's major shareholder, to delist G3 from the NXT Market. In conjunction with its proposal to delist G3, CFT has advised the Board that it is working with the other major shareholders of G3, to finalise a plan for the privatisation of G3. CFT has indicated that it intends to work with the Board to finalise its privatisation plan with the intention that the Board present this proposal for the delisting and privatisation of G3 to its shareholders for approval at the annual shareholders' meeting to be held before 30 September 2017

this company is traded on the NXT which is a NZ based market for small and mid-sized businesses