11 Aug 2010

SEC issues warning on share offer

7:48 am on 11 August 2010

The Securities Commission is warning shareholders in DNZ to be wary of an unsolicited offer by Carrington Securities LP to buy their shares for 60 cents each.

The watchdog says there is no market price against which investors can assess the offer because the shares are not trading on any organised market,

It says shareholders should consider the indicative price range of 80 cents to $1.05 per share which is set out in DNZ Property Fund Limited's prospectus.