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- Release Date: 17/03/14 11:56
- Summary: GENERAL: NZX: NZX consults on New Market
- Price Sensitive: No
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NZX
17/03/2014 09:56
GENERAL
REL: 0956 HRS NZX Limited
GENERAL: NZX: NZX consults on New Market
NZX is pleased to launch the consultation process on a proposed new growth
market (the "New Market").
The New Market is an exciting innovation in New Zealand's capital markets. It
is designed to provide small and mid-sized New Zealand businesses with an
easier and lower cost alternative to accessing external capital. It also
provides an opportunity for investors to access up-and-coming New Zealand
businesses. Some of these businesses are in an earlier stage of development
than many investors have previously had access to.
Key features of the market include:
- A market aimed at small to mid-sized businesses with an expected market cap
of $10-100 million
- Reduced costs and complexity, during both the listing process and ongoing
- More support for companies listed on the market
- Streamlined regulatory environment, with a set of simpler, template based
rules and procedures
- The presence of market making and research to aid liquidity
As part of the development of this New Market, NZX is seeking submissions and
input from interested parties into the underlying rules and procedures, which
will underpin the New Market.
NZX has released a Consultation Memorandum and exposure drafts of the Market
Rules that will regulate the New Market. For a copy of the Consultation
Memorandum and further information about making a submission, please refer to
the following link:
https://nzx.com/market-regulation/rules-consultation
For more information please contact:
Kate McLaughlin
Corporate Communications
M: 027 533 4529
E: [email protected]
ENDS
End CA:00248270 For:NZX Type:GENERAL Time:2014-03-17 09:56:12
