Independent Expert’s Reports

The preparation of an Independent Expert’s Report requires a combination of demonstrable competency and absolute independence and integrity. Preparation of these independent reports involves dealing with regulatory bodies (New Zealand Stock Exchange Market Surveillance Panel and the Takeovers Panel) and familiarity with all the procedures necessary to meet their requirements.

If you require an Independent Expert’s Report we can help
Our Corporate Finance team has prepared more than 30 Independent Expert’s Reports in accordance with the requirements of the NZX Listing Rules and the Takeovers Code.

Independent Reports prepared by the PwC Corporate Finance team have covered a wide variety of situations, including high profile contested takeovers, previously governed by the NZX Listing Rules, and now the Takeovers Code; changes in shareholding above the fundamental 20% threshold where shareholder approval is required pursuant to the Takeovers Code; and material related party transactions where approval by non-associated shareholders is required pursuant to the NZX Listing Rules.

We have developed a strong reputation for producing high quality reports that present well-founded opinions, combining industry knowledge, incisive analysis and sound application of appropriate technical valuation methodologies.

Our reports are designed to ensure that the independent directors and non-associated shareholders receive clear unbiased and independent advice that informs them about the proposed transaction, the range of potential consequences, and the implications for them as shareholders, thereby assisting them to formulate their own view as to how they should vote or respond in any given instance.

Independent Reports under the NZX Listing Rules and Takeovers Code must be prepared in accordance with strict timeframes as prescribed by the relevant rules, and our Corporate Finance team have developed an excellent record of on time delivery of high quality reports in every instance.