NZX may stop flagging price-sensitive announcements in review of trading halt rules, seeks feedback

Sun, 16 Aug 2015

Aug. 17 (BusinessDesk) - NZX is seeking feedback on a proposal to stop flagging some announcements from listed companies as price-sensitive and temporarily halting the shares from trading on concern the practice may be used inconsistently. Under current practice, NZX's client market services team conducts "a high level assessment" on whether a company announcement is price sensitive when processing and releasing the statement on the exchange's market announcement platform. If deemed price sensitive, the release is market with a P and an admi...

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