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| Last 20 companies delisted from NZX | ||
| COMPANY | DATE DELISTED | REASON |
| RESTAURANT BRANDS NEW ZEALAND LIMITED (RBD) | 05 Dec 25 | we understand the company delisted after Finaccess Restauracion, S.L. was successful with an offer of NZ$5.05 per RBD share |
| SMARTPAY HOLDINGS LIMITED (SPY) | 04 Nov 25 | we understand the company delisted from the NZX on November 4, 2025, after being acquired by US company Shift4 Holdings (a financial technology firm) via a scheme of arrangement where shareholders received NZ$1.20 cash per share |
| VITAL LIMITED (VTL) | 07 Oct 25 | we understand the company delisted from NZX at the close of trading on October 7, 2025, following a successful takeover by Tait - shareholders received NZ$0.45 per share |
| MANAWA ENERGY LIMITED (MNW) | 05 Aug 25 | we understand the company delisted on August 5, 2025, following the completion of Contact's takeover, making MNW a wholly-owned subsidiary of Contact Energy - we also understand Contact Energy redeemed in full each of the three series of unsecured, unsubordinated fixed rate bonds issued by Manawa and shareholders received $1.16 in cash plus 0.5719 Contact shares for each Manawa share, totaling approximately $5.95 per share |
| NZ WINDFARMS LIMITED (NWF) | 30 Jul 25 | we understand the company delisted on July 30, 2025, after Meridian Energy acquired 100% of its shares through a scheme of arrangement with shareholders receiving $0.25 cash per share |
| MARSDEN MARITIME HOLDINGS LIMITED (MMH) | 26 Jun 25 | we understand the company delisted from the NZX at the close of trading on June 26, 2025, following shareholder approval and High Court orders for a scheme of arrangement where a consortium bought out shareholders for NZ$5.60 per share, making it a wholly-owned subsidiary of Northport Group. |
| MARLBOROUGH WINE ESTATES GROUP LIMITED (MWE) | 06 Jan 25 | we understand the company delisted on January 6, 2025 in order to reduce ongoing expenses, including audit, legal, and governance fees associated with being a public company |
| ARVIDA GROUP LIMITED (ARV) | 20 Nov 24 | we understand on 20 July 2024, Arvida and Stonepeak Alps BidCo Limited entered into a scheme implementation agreement under which Stonepeak would acquire 100% of the fully paid ordinary shares in Arvida for consideration of $1.706 per share - on 17 October 2024, Arvida shareholders voted to approve the scheme. The High Court granted final orders on 18 October 2024. The scheme was implemented, and Arvida was delisted from the NZX, on 20 November 2024. |
| AMPOL LIMITED (ALD) | 27 Sep 24 | we understand the board of directors of Ampol Limited resolved that Ampol Limited will delist from NZX and maintain its primary listing on ASX |
| GENEVA FINANCE LIMITED (GFL) | 17 Jul 24 | we understand shareholders approved the company's delisting from NZX - it intends listing on the Unlisted Securities Exchange |
| GOOD SPIRITS HOSPITALITY LIMITED (GSH) | 27 Jun 24 | we understand the company has ceased to carry on business, has discharged in full its liabilities to all known creditors and after payment of the dividend of 0.972036 cents per share, will have distributed its surplus assets |
| NEW ZEALAND OIL AND GAS LIMITED (NZO) | 26 Jun 24 | we understand the company delisted from NZX and moved to a sole listing on the Australian Securities Exchange |
| JUST LIFE GROUP LIMITED (JLG) | 13 Jun 24 | we understand because of infrequent trading, low liquidity and high compliance and governance costs, shareholders approved resolutions to delist from NZX and list on Unlisted Stock Exchange - the Company intended to make an off-market buyback offer to shareholders to acquire up to 2.5 million shares (2.51% of shares on issue) at a price of 30 cents per share |
| THE CITY OF LONDON INVESTMENT TRUST PLC (TCL) | 21 Mar 24 | we understand holdings of shareholders on the New Zealand register represent only 1.2% of the Company’s total shares in issue and trading in TCL shares on the NZX Main Board has been decreasing in recent years - the board considers that the administrative and compliance burdens of maintaining the secondary listing in New Zealand have become disproportionate to the benefits of maintaining that listing (the company has its primary listing on the London Stock Exchange (LSE)) |
| MHM AUTOMATION LIMITED (MHM) | 06 Mar 24 | we understand that the scheme of arrangement in relation to the acquisition of 100% of the shares in MHM by Bettcher Industries Inc., through its wholly-owned subsidiary Merlin NZD Bidco Limited, was implemented; the scheme consideration of NZ$1.70 per share in cash was paid to shareholders today |
| GEO LIMITED (GEO) | 12 Feb 24 | we understand the company delisted as it was too small to continue to maintain a stock market listing, it was not providing liquidity for shareholders, the NZX listing is prohibitively costly and time consuming to manage and it is the board’s intention to delist to reduce costs, save time and continue to seek buyer interest |
