Memorandum
To: Market Participants
From: NZX Product Operations
Date: Wednesday, 30 March 2022
Subject: Air New Zealand Limited (“AIR”) – Trading Halt of Securities
Message:
NZ RegCo advises that, at the request of Air New Zealand Limited (“AIR”), it has placed a trading halt on AIR Ordinary Shares. The trading halt was placed at 4.00 pm today, Wednesday 30 March 2022.
The trading halt has been put in place pending release of a material announcement in relation to AIR’s recapitalisation plans.
The trading halt will remain in place until market open on Thursday, 31 March 2022
Please contact NZX Product Operations on +64 4 496 2853 or [email protected] with any queries.
ENDS
The S&P/NZX 50 Index is down 1.5% since the beginning of the year.
Pacific Edge is on a trading halt until Monday.
The downgrade comes ahead of Jan 26, when Briscoe's financial year ends.
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