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 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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