NZME fined $100k for three disclosure breaches

NZME fined $100k for three disclosure breaches
Dan Brunskill
NZME misled investors in market announcements it made about its attempts to acquire Stuff last year and the resignation of its board chair, an NZX Regulation investigation has found.In May last year, the media company told the market it had made an offer to acquire Stuff from Australia's Nine Entertainment, and that an exclusivity period was in effect.Nine quickly rebuked this in a release to the ASX, as it had terminated negotiations with the Herald publisher and was progressing a management buyout lead by Sinead Boucher – a fact tha...

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025