Memorandum
To: Market Participants
From: NZX Product Operations
Date: Wednesday, 1 March 2023
Subject: New Zealand Rural Land Company Limited (“NZL”) - Trading Halt of Securities
Message:
Further to the announcement released by New Zealand Rural Land Company Limited (“NZL”), NZ RegCo advises that at the request of the issuer it has placed a trading halt on NZL ordinary shares. The trading halt was put in place pre-market open this morning.
NZL ordinary shares will remain in halt until the earlier of:
• An announcement by the issuer stating the outcome of the institutional shortfall bookbuild; or
• Market open on the NZX on Friday, 3 March 2023
Please contact NZX Product Operations on +64 4 496 2853 or [email protected] with any queries.
ENDS
Herbert unimpressed by Vital's refusal for due diligence and failure to meet guidance.
The business is reportedly being hit hard by increasing air freight industry competition.
The S&P/NZX 50 Index rose 97.07 points, or 0.8%, to 12,447.68.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details