APN shares halted for potential material announcement on NZME

Mon, 09 May 2016

By Jonathan Underhill May 9 (BusinessDesk) - APN News & Media, which abandoned plans for an initial public offering of its NZME division in February, had its shares halted on the ASX pending an announcement about a potential material transaction involving the New Zealand assets. The trading halt will remain in place until the start of trading on May 11, the date of its annual meeting unless APN requests it to be lifted sooner, the company said. The Australian newspaper has reported that APN could spin off NZME as a separately listed compa...

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