NZME says it is compliant after share price jump

NZME's head office in Auckland. NZME says it complies with its obligations after a share price jump. (Image: NZME)

Fri, 12 Jul 2024

NZME told NZ RegCo on Friday that it complies with continuous disclosure obligations after a jump in its share price.NZME shares were trading at $1.07 early on Friday.According to RegCo, the price of the shares has increased from $0.92 on July 3 to the current bid-offer spread of $1.08-$1.10. The last sale price was $1.08 when RegCo lodged the inquiry, which represented a price move of 17% in about one week, it said.Brokers noted that volumes are quite light, exacerbated by school holiday trading, so moves are magnified. In April, chief ex...

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