Memorandum
To: Market Participants
From: NZX Product Operations
Date: Tuesday, 24 May 2022
Subject: SMW Group Limited (“SMW”) – Suspension of trading and Delisting
Message:
Further to the announcement made by SMW Group Limited (“SMW”) on Friday, 1 April 2022, and the shareholder meeting results announced on 13 May 2022, NZX Operations (“NZXO”) advises that SMW will be delisting from the NZX Main Board (NZSX).
The final day of trading in SMW will be Friday, 27 May 2022, with SMW ordinary shares being halted and suspended at close of business that day. Subject to meeting final standard delisting conditions, SMW ordinary shares will cease to be quoted and SMW will delist from close of business on Tuesday, 31 May 2022.
Please contact NZX Product Operations on +64 4 496 2853 or [email protected] with any queries.
ENDS
It is the biggest fall this calendar year.
Both businesses were part of its A$1.16b LifeHealthcare acquisition.
The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details