NZX queries Diligent price fall since announcing revenue recognition problems

Tue, 16 Jul 2013

July 16 (BusinessDesk) – Governance software purveyors Diligent Board Member Services continue to attract the attention of NZX regulators, who issued a ‘please explain’ notice today after a 17.3 percent drop in the company’s share price in the last four days. The inquiry is only the second this year from NZX Market Services under Section 10.1.1 of the NZX Listing Rules relating to the requirement for timely disclosure of material information, with the only other notice directed at Diligent, which has suffered a string of its own governance gl...

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