NZIST’s Ring-Fencing Policy was implemented to ensure subsidiaries with cash reserves can retain their use for investment in the region they have been built up in. Seven of our 16 subsidiaries have cash reserves that can be ring-fenced.
Along with our external financial specialists, we have worked closely with the seven subsidiaries to calculate and confirm indicative final ring-fenced amounts.
We have developed a fact-sheet about the ring-fencing policy to help people understand what the policy is designed to do, and how it will be implemented.
You can see our fact-sheet here
You can see the final indicative ring-fenced amounts here
You can read the ring-fence policy here