Zoono loan found to have breached ASX listing rule

Zoono loan found to have breached ASX listing rule
Zoono's shares peaked during the covid pandemic. (Image: NZME)
Denise McNabb
New Zealand antimicrobial hand and surface sanitiser manufacturer Zoono Group has copped a serve from the Australian Stock Exchange (ASX) for accepting a loan from its chief executive’s company without shareholder approval.Woodfield Investments, owned by Zoono CEO Paul Hyslop, secured the entire assets of ASX-listed Zoono over a $500,000 loan it made to the company on Oct 2 on a 12-month term at an interest rate of 10% a year.By not seeking shareholder approval, Zoono breached the ASX’s listing rule 10.1, which states a company cann...

More Markets

NZX down as property company gets key renewal
Markets Market Close

NZX down as property company gets key renewal

ASB Bank has extended the lease for its downtown Auckland site for another nine years.

Tom Raynel 03 Jul 2025
Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Staff reporters 03 Jul 2025
Solar still on the rise, Ecotricity says
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

Ian Llewellyn 03 Jul 2025
Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025