BRK Berkley Group Limited

Description:
Berkley Group is a listed company on Unlisted. Berkley was a previous New Capital Markets, on the NZX, company called Submarines Australasia Ltd (SUB). SUB was put into liquidation in 2003 by its previous directors and major shareholders.

SUB was taken out of liquidation in May 2004 by its new majority shareholder Readers Capital Investments Ltd. SUB ceased its tourism operations and was effectively an empty shell with 475 shareholders. The name was changed to Berkley Group Ltd with a stock ticker code of BRK and a renounceable rights issue was completed in December 2004.

With the capital raised the company purchased a 75% shareholding in Property Personnel Ltd, a specialist recruitment and training business in the real estate and property management sector of New Zealand.

In the process the company shifted its listing to Unlisted, an alternative trading platform, and now has 501 shareholders. The company uses BK Registries to facilitate its share register.

Berkley has an exciting year ahead with an outlook for new acquisitions and growth in its subsidiary company Property Personnel Ltd.

Best Regards

Craig Tarres
Managing Director

Website: http://www.berkley.co.nz/

Recent announcements:  

http://www.sharemart.co.nz/sharemart.php

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Other Last updated:15-11-2007

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References:
http://www.berkley.co.nz/
Price info provided by Findata

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