Geelong Regional Exchange
Friday, December 21, 2007
Melbourne, Vic – Victoria’s Geelong Region is to have it’s own securities exchange. NSX Limited (ASX: NSX), the operator of the National Stock Exchange of Australia announced today that it has reached an agreement with Geelong Chamber of Commerce to develop the Geelong board of the National Stock Exchange.
Sue DeGilio, President of Geelong Chamber of Commerce said, “We are very excited about the opportunity to have Geelong companies represented on their own exchange. We believe this will prove to be a great opportunity for Geelong investors to recognise the opportunities and growth potential of their own home grown companies.”
Richard Symon, Chief Executive of NSX, said “Offering an accessible market for growing SMEs will help attract more capital, more investors and more businesses to the Geelong region.” This initiative follows an extensive period of consultation with local businesses, advisors and investment managers.
The National Stock Exchange of Australia is a market designed to accommodate small to medium enterprises, with lower capitalisation and shareholder number requirements than ASX. The agreement for Geelong extends NSX’s expansion in other regions such as the Gold Coast, the Sunshine Coast and Wollongong in NSW.
NSX is also delighted to advise the listing of 3 more companies today on the National Stock Exchange of Australia.
Australian United Retailers Limited which trades as FoodWorks, Ascend Group Limited, and Zodiac Capital Limited.
Last week (13/12/07) Golden Circle announced it’s intention to list on the National Stock Exchange of Australia.
NSX geelong Exchange