Memorandum
To: Market Participants
From: NZX Product Operations
Date: Thursday, 22 June 2023
Subject: EROAD Limited (“ERD”) – Trading Halt of Securities
Message:
NZ RegCo advises that, at the request of the issuer, it has placed a trading halt on EROAD Limited (“ERD”) ordinary shares. The trading halt was placed at pre-market open today.
The trading halt is in place while ERD considers a non-binding indicative offer, and will remain in place until the earlier of an announcement by ERD about the non-binding indicative offer, or market open on Monday 26 June 2023.
Please contact NZX Product Operations on +64 4 496 2853 or [email protected] with any queries.
ENDS
Stats NZ data showed NZ's gross domestic product fell 0.9% in the June quarter.
A ‘gold standard’ approach and siloed structure slow the ComCom down.
Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.
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