Memorandum
To: Market Participants
From: NZX Product Operations
Date: Tuesday, 26 September 2023
Subject: EROAD Limited (“ERD”) - Trading Halt of Securities
Message:
Further to the recent announcements by EROAD Limited (“ERD”), NZ RegCo advises that at the request of the issuer it has placed a trading halt on ERD ordinary shares. The trading halt was put in place pre-market open this morning.
ERD securities will remain in halt until the earlier of:
- An announcement by the issuer stating the outcome of the retail shortfall bookbuild; or
- Market open on the NZX on Wednesday, 27 September 2023
Please contact NZX Product Operations on +64 4 496 2853 or [email protected] with any queries.
ENDS
The Government is ‘unaware of a strong business case’.
Some investors caution against thinking that the rapid pace of gains can continue.
The exchange's performance this year has been its best since 2020.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details