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- Release Date: 11/10/13 17:23
- Summary: GENERAL: NZX: Clarification of inaccurate statements in media reports
- Price Sensitive: No
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NZX
11/10/2013 15:23
GENERAL
REL: 1523 HRS NZX Limited
GENERAL: NZX: Clarification of inaccurate statements in media reports
NZX wishes to clarify inaccurate statements in media reports today.
The reports repeat claims by a lobby group that NZX has commented on Chorus's
financial position.
This is a misrepresentation of NZX's position. NZX does not comment on
individual issuers or their financial positions.
NZX's role is to uphold continuous disclosure, which is a core part of
ensuring there is integrity in the capital markets.
Chorus has confirmed to NZX that it is in compliance with its continuous
disclosure obligations. In this instance, due to the misleading statements
made, NZX would like to clarify that based on the information available to
NZX, NZX has no reason to challenge Chorus's view that it remains in
compliance with its continuous disclosure obligations under the NZSX Listing
Rules.
In the ordinary course of its activities, NZX makes enquiries of issuers to
ensure they remain in compliance with continuous disclosure requirements.
These enquiries can lead to announcements being made by issuers but may also
result in no further action being taken if NZX is satisfied the issuer is
meeting its obligations under the Listing Rules or the matter has otherwise
been dealt with to NZX's satisfaction on a confidential basis.
To put this in context, NZX has made more than 60 enquiries of issuers
regarding continuous disclosure this year.
For more information please contact:
Kate McLaughlin
Corporate Communications
M: 027 533 4529
E: [email protected]
End CA:00242277 For:NZX Type:GENERAL Time:2013-10-11 15:23:06
