NZ Markets Disciplinary Tribunal Censures

GENERAL
Tue, Apr 20 2021 09:42 am

MARKET ANNOUNCEMENT

20 April 2021

NZ Markets Disciplinary Tribunal Censures

AUCKLAND, 20 April 2021: In relation to both censures released by the NZ Markets Disciplinary Tribunal today NZME Limited (“NZME”) has, in a settlement agreed with NZX Limited and endorsed by the NZ Markets Disciplinary Tribunal, accepted the breaches set out and the penalties imposed.

As we said at the Annual Shareholders’ Meeting on Friday, NZME takes its obligations and responsibilities around continuous disclosure extremely seriously. At all times we strive to ensure the market is appropriately informed in a timely fashion.

In both instances addressed in the censures, NZME followed its compliance processes and sought and acted on specialist external legal advice at the time the disclosures were made. This is noted by the Tribunal in the censures as one of the relevant mitigating factors it took into consideration.

ENDS

Authorised by the Board of NZME.

For further information:
Cliff Joiner
GM Communications
NZME
M: +64 21 270 9995
Email: [email protected]


Announcement PDF


Markets News

NZ sharemarket rises as Infratil, Spark drive gains
Markets Market close

NZ sharemarket rises as Infratil, Spark drive gains

New Zealand shares ended firmer after Infratil and Spark posted gains.

Jamie Gray 27 Jun 2025
Markets

Former CBL CFO must pay $1.2m for disclosure breaches

The case was a first for New Zealand courts, FMA says.

John Anthony 27 Jun 2025
Former CBL CFO must pay $1.2m for disclosure breaches
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Monthly CPI tech takes Stats NZ into the future