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NTR announces new share initiative

Infrastructure group NTR has announced a new initiative which it says will improve visibility and transparency in the trading of the company's shares.

NTR said that in addition to Davy Stockbrokers, the company's lead broker, Goodbody Stockbrokers and NCB Stockbrokers, will also act as brokers in the grey market for NTR shares.

A key feature of the new initiative is the creation of greater transparency to shareholders in the trading activity of its shares. In this regard, NTR said the most recent and historic share prices and volumes of trade executed through the company's three brokers will be published on the company's website.

Goodbodys and NCB have also started research coverage of the company. Davy will continue its research.

'Increased equity research coverage and improved information on share trading activity will provide greater transparency to the market on both the company and the trading of its shares,' commented Michael Walsh, Group Finance Director of NTR.