NZOG plans to delist from ASX, citing low liquidity, cost savings

Sun, 03 Apr 2016

By Tina Morrison April 4 (BusinessDesk) - New Zealand Oil & Gas plans to delist its stock from the Australian exchange, saying the shares are little traded and the move would reduce costs by about $400,000. “The board of directors has noted that trading in the company’s shares on the ASX consistently suffers from poor liquidity and low daily trading volumes," chair Rodger Finlay said in a statement. "Delisting is also consistent with other recently announced initiatives to reduce costs. The board considers that the cost of continued listi...

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