Memorandum
To: Market Participants
From: NZX Product Operations
Date: Monday, 4 April 2022
Subject: Air New Zealand Limited Rights (“AIRRG”) – Trading halt of Rights
Message:
NZX Product Operations advises that a further trading halt was applied to Air New Zealand Rights (“AIRRG”) at 11.04am this morning.
The trading halt was put in place while NZX clarifies the manner in which NZX has set up the AIRRG instrument, and the resulting trade reference price for the AIRRG rights in NZX’s systems.
No trading halt was applied to other AIR securities.
NZX Product Operations will release a further memo advising when trading in AIRRG is scheduled to resume.
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 12,266.25, gaining 57.2 points or 0.47%.
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
An investment firm bought the stake, which included 116,145 hectares of forestry.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details