To: Market Participants
From: NZX Product Operations
Date: Monday, 4 April 2022
Subject: Air New Zealand Limited Rights (“AIRRG”) – Reference Price and trading halt
Message:
NZX Product Operations provides a further update to the reference price for AIRRG.
The reference price for each AIRRG right has been updated to $0.49. The price adjustment has been made to reflect the correct ratio of 1 AIRRG right being exercised to 2 Air New Zealand Shares.
The further update to the AIRRG reference price is solely the result of an internal NZX issue and NZX apologises for any inconvenience caused.
The trading of AIRRG rights was halted at 11.04am. Trading in AIRRG rights will resume at 11.55am. No trading halt was applied to other AIR securities.
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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