Enprise Group Limited (“ENS”) – Trading Halt of Securities
HALT
Fri, Aug 04 2023 04:08 pm
Memorandum
To: Market Participants
From: NZX Product Operations
Date: Friday, 4 August 2023
Subject: Enprise Group Limited (“ENS”) – Trading Halt of Securities
Message:
NZ RegCo advises that, at the request of the issuer, it has placed a trading halt on Enprise Group Limited (“ENS”) ordinary shares. The trading halt was placed at 2.53pm today.
The trading halt is in place while ENS considers details of an injunction granted today, and the implications for ENS. The injunction relates to the following. On 1 August 2022, ENS advised the market that its subsidiary Kilimanjaro Consulting Pty Ltd (“Kilimanjaro”) had formally disputed retrospective reduction in margins that Kilimanjaro receives on existing sales of MYOB Exo software. On 16 December 2022, ENS advised the market that Kilimanjaro had commenced legal proceedings against MYOB.
The trading halt will remain in place until the earlier of an announcement by ENS about the injunction, or market open Monday, 7 August 2023.
Please contact NZX Product Operations on +64 4 496 2853 or [email protected] with any queries.
ENDS
Announcement PDF
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