XRO
18/03/2016 08:30
GENERAL
NOT PRICE SENSITIVE
REL: 0830 HRS Xero Limited
GENERAL: XRO: Change in ASX Listing Category
MARKET RELEASE
XERO LIMITED - CHANGE IN ASX LISTING CATEGORY
17 March 2016 - ASX has confirmed its approval for Xero Limited (NZX/ASX:
XRO) (Xero) to change its ASX admission category from an ASX Listing to an
ASX Foreign Exempt Listing, effective from the commencement of trading on 21
March 2016.
The change in Xero's listed status on the ASX follows amendments to the ASX
Listing Rules in September 2015, which opened up the ability for entities
with a primary listing on the Main Board of the NZX and an ASX Listing, to
convert their listing status on the ASX to a Foreign Exempt Listing.
Xero continues to have a full listing on the NZX Main Board, and Xero shares
will continue to be listed on the ASX. Xero will be primarily regulated by
the NZX, will continue to comply with the NZX Listing Rules, and will be
exempt from complying with most of the ASX Listing Rules (based on a
principle of substituted compliance).
Xero is no longer required to release Quarterly Cash Flow Reports (Appendix
4C). Xero's Annual Report (due to be released on 12 May 2016, NZT) will
contain a Statement of Cash Flows for the year ending 31 March 2016, and
Xero's Interim Report (due to be released in November 2016) will contain a
Statement of Cash Flows for the six months ending 30 September 2016.
ENDS
About Xero
Xero is beautiful, easy-to-use online accounting software for small
businesses and their advisors. The company has over 600,000 subscribers in
more than 180 countries. Xero boasts more than 500 third-party integrations,
and was ranked No. 1 by Forbes as the World's Most Innovative Growth Company
in 2014 and 2015.
For more information, contact:
Alex Mercer
Xero Corporate Communications
[email protected]
+64 21 502 112
End CA:00279467 For:XRO Type:GENERAL Time:2016-03-18 08:30:47
