Pushpay shrugs off 22% drop in share price after NZX says 'please explain'

Tue, 22 Dec 2015

By Sophie Boot Dec. 22 (BusinessDesk) - Pushpay Holdings says it has no material information to declare to the market, in response to a 'please explain' notice from the NZX over a 22 percent slump in the share price. The stock market operator queried the movement in Pushpay's shares when they sank to $5.85 from $7.50 between Dec. 9 and Dec. 22. Since then, the company hasn't announced anything to the market to explain the fall, and replied that it complies with all continuous disclosure obligations. The mobile payments app developer's...

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