Markets

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...

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