MEDIA RELEASE
Wellard Ltd (Wellard, ASX:WLD) is pleased to confirm that it has been promoted into the S&P/ASX 300 Index.
The S&P/ASX 300 provides investors with broader exposure to the Australian equity market. The index is liquid, float-adjusted and includes up to 300 of Australia’s largest securities by float-adjusted market capitalisation. The index is designed to address investment managers’ needs to benchmark against a broad opportunity-set characterised by sufficient size and liquidity.
“Inclusion in the S&P/ASX 300 soon after our IPO is pleasing,” said Wellard CEO Mauro Balzarini.
“It opens up new opportunities for exposure as we continue to develop Wellard through implementation of our growth strategy. Many institutional investors are restrained to investing in companies belonging to particular indices so we can now field increased interest from a wider range of potential investors.”
For further information:
Investors
Managing Director, Mauro Balzarini
Finance Director, Greg Wheeler
Phone: + 61 8 9432 2800
Media
FTI Consulting, Cameron Morse
Phone: + 61 8 9485 8888
Mobile: +61 (0) 433 886 871