AIRRG-GH! NZX error gives Air NZ rights a rocky start

Dan Brunskill
Mon, 04 Apr 2022

AIRRG-GH! NZX error gives Air NZ rights a rocky start
The airline is raising $1.18b of capital from the market. (Photo: supplied)
Dan Brunskill
Mon, 04 Apr 2022
The NZX says the instrument for trading Air New Zealand rights is ready to go after an ‘administrative error’ had been ironed out that triggered a trading halt on Monday morning.The stock exchange operator said Air NZ Limited Rights (AIRRG) are trading correctly and has lifted a trading halt it enacted earlier on Monday.BusinessDesk understands the NZX miscalculated the reference price of the rights and Air NZ’s normal shares, as the rights began trading separately from Air NZ's shares this morning.NZX said in a statement...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Eroad shares on the road to recovery
Ella Somers | Thu, 07 Jul 2022

Jarden wealth management director Greg Main said Eroad was continuing its “recent recovery” and rising strongly after being heavily sold down.

Global Events
Jacinda Ardern soft-pedals on China’s Pacific ambitions
Pattrick Smellie | Thu, 07 Jul 2022

The prime minister has offered a conciliatory view of China's potential to do good in the Pacific region, as tensions between Beijing and Wellington grow over Chinese strategic ambitions in the region.

Primary Sector
Foot-and-mouth disease risk low from Indonesian PKE says Biosecurity NZ
Rebecca Howard | Thu, 07 Jul 2022

Biosecurity NZ sent a team to Indonesia for an extra level of assurance. 

How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges