Memorandum
To: Market Participants
From: NZX Product Operations
Date: Monday, 24 May 2021
Subject: New Zealand Oil & Gas Limited (“NZO”) - Trading Halt of Securities
Message:
NZ RegCo (“RegCo”) advises that, at the request of the company, it has placed a trading halt on New Zealand Oil & Gas Limited (“NZO”) Ordinary Shares. The trading halt was placed at pre-market open today.
The trading halt has been put in place pending the release of an announcement by NZO about a proposed asset acquisition.
The trading halt will remain in place until the earlier of:
a) An announcement made by NZO about the proposed asset acquisition; or
b) Market open on Wednesday, 26 May 2021.
Please contact NZX Product Operations on +64 4 496 2853 or [email protected] with any queries.
ENDS
The S&P/NZX 50 Index closed at 12,530.99, up 105.4 points or 0.85%.
The CMA said it has received written assurances from the parties.
The Warehouse had confirmed a buyout proposal had been lodged.
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