GeoOp votes to leave NZAX as NZ minnows mull future without small-cap indexes

Fri, 14 Jul 2017

By Jonathan Underhill July 14 (BusinessDesk) - Shareholders of GeoOp, the unprofitable management app developer, have approved plans to relocate to the ASX from the NZAX and raise funds via an initial public offering that could dilute their holdings by as much as 40 percent. GeoOp's shares were suspended from trading on June 29 pending today's special meeting in Auckland and NZX Regulation has now said the suspension will continue until either GeoOp formally delists or cancels its plan to move to the ASX. Shareholders approved three res...

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