"It's a momentous day," says NZME chief executive Michael Boggs. Less than 1 per cent of NZME is currently owned by New Zealand shareholders so there was a huge opportunity for local investors to get involved, he says. "That's a real opportunity for us to grow the New Zealand shareholder base." NZME owns the Herald and nzherald.co.nz as well as radio stations, and the e-commerce site GrabOne. The market turmoil sparked by the Brexit has been unavoidable but Boggs says he doesn't think potential investors in NZME will see it as central to their decision making.

Source: New Zealand Herald June 27, 2016 00:00 UTC