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Investors put money back into Geneva

Geneva Finance says that it has made its first capital repayment on schedule, following the conclusion of its capital reconstruction plan.

Tuesday, June 3rd 2008, 10:23PM
Geneva chief executive Shaun Riley said that a number of investors had elected to reinvest their initial 15% payout with the company, and that over $1 million in debenture funds had been reinvested, with an average term of 17 months.

"This level of investor support and reinvestment far exceeded our expectations, and indicates ongoing loyalty to Geneva, which is very pleasing.

"It is also a gratifying outcome for our investment team, led by investment manager Kruger Venter, which worked hard on investor communications through the moratorium period".

He says this puts the company in a strong position as it heads to its NZAX listing on July 1.

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