NZX toughens enquiry process for sudden share price movements

Wed, 25 May 2016

By Pattrick Smellie May 26 (BusinessDesk) - New Zealand's stock exchange operator, NZX, is to start making confidential enquiries of listed companies that experience large, unexplained share price movements, to determine whether they may be holding undisclosed "material" information even while remaining in compliance with the market's Listing Rules that require disclosure of material information at certain trigger points. In an announcement this morning, NZX also warned investors not to assume that a listed entity's Listing Rules complian...

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