Family Zone acquired Punakaiki Fund’s 20% shareholdings in Linewize in November 2017.
Punakaiki Fund subsequently sold all its Family Zone ordinary shares on the ASX in June 2018, for A$0.54 per share, realising a net amount of NZ$1.109 million. Punakaiki Fund retains its Family Zone performance shares, which are released if certain milestones are met.
