FMA clears Gentrack on prospectus, says offer risks could have been clearer

Sun, 09 Nov 2014

By Suze Metherell Nov. 10 (BusinessDesk) - The Financial Markets Authority has cleared Gentrack Group's prospectus but said risks could have been made clearer after the utilities and airport software firm issued a profit downgrade some six weeks after its initial public offer. The market watchdog said the Auckland-based company's May offer document, which was revised in June, didn't contain any untrue statements and wasn't misleading, but "could have been clearer in addressing the likelihood and potential impact of certain risks," accordi...

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