Latest media releases

Smiths City Group Limited (Company) is pleased to announce that one of its subsidiaries, Smiths City (Southern) Limited (Southern) has entered into a conditional agreement (Conditional Agreement) to purchase the business and assets of both Panmure Furniture City 1983 Limited (Furniture City) and its logistics operation Lucky Dragon Limited (Lucky Dragon). Auckland based, Furniture City,… read more

The Directors of Smiths City Group Limited, the Christchurch based retailers, have announced an operating surplus after taxation for the six months to 31 October 2015 of $2.555million compared with $4.266million last year with both period results affected by extraordinary items relating to the Christchurch property as well as “one off restructuring” costs in the… read more

Further to its announcement on 7 August 2015 (regarding the conditional sale and lease-back of the above property), the company is pleased to advise that both the sale and lease-back of the above property are now unconditional. Settlement of the sale and the commencement date of the lease are set down for Friday 30 October… read more

As advised to the shareholders of Smiths City Group Limited in its annual report for the year ending 30 April 2015, the directors have engaged Colliers International to investigate market interest in the Colombo Street property including the possible sale and lease back of the property. The company is pleased to advise that Smiths City… read more

Further to our full year announcement to the market, we have engaged Colliers International to investigate market interest in the Colombo Street property, including the possible sale and leaseback of the property. Any sale or action resulting from this initiative would ultimately be subject to shareholder approval of Smiths City as a material transaction of… read more

NZX Market Release Smiths City Group Limited (SCY) – Zero Commission Small Shareholder Offer UNSOLICITED OFFER BY ZERO COMMISSION NZ LTD On 10th June 2015, Zero Commission NZ Limited advised, (as required by Section 163 of the Financial Markets Conduct Act 2014), that it intends to make an offer to selected small shareholders in Smiths… read more

The Directors of Smiths City Group Limited, the Christchurch based retailer, have announced an operating surplus after taxation for the 12 months to 30 April 2015 of $8.0 million (last year $4.1 million). Operating revenues for the 12 months were $221.4 million (last year $220.0million). The Directors have declared an unimputed final dividend of 2.5… read more

The Board of Directors of Smiths City Group Limited announce that, following the successful introduction of the new Chief Executive Officer, Mr Roy Campbell at 1st May 2015 that Mr Rick Hellings (Managing Director) resigns from the Board of Directors for the Group as from today, Friday 29th May 2015. The Board wishes to thank… read more

The Annual Meeting of shareholders of Smiths City Group Limited will be held in the Function Lounge, Hagley Oval, Riccarton Avenue, Central Christchurch; commencing at 10.30am on Tuesday 25 August 2015. Smiths City advises that the closing date for Director nominations is Thursday 25 June 2015. All nominations must be received by 4.00pm on the… read more

The Directors of Smiths City Group Limited are very pleased to advise final settlement of all insurance matters following the 2011 Christchurch earthquake. Payment has been received today of $5.6million (net of GST) in respect of the damaged Colombo Street, Christchurch, buildings.  This brings the total of payments received for the site to $18million of… read more