- Release Date: 30/01/12 13:07
- Summary: S/PRICE: RAK: Price Enquiry
- Price Sensitive: No
- Download Document 2.51KB
RAK 30/01/2012 11:07 S/PRICE REL: 1107 HRS Rakon Limited S/PRICE: RAK: Price Enquiry 30 January 2012 Price Enquiry We write with respect to the continuous disclosure Listing Rules. Listing Rule 10.1.1 ("the rule") is set out in the Schedule attached to this letter. In summary, this rule requires Issuers to immediately disclose any Material Information to NZX Limited ("NZX"). The rule provides limited exceptions to this obligation. Material Information does not need to be disclosed where a reasonable person would not expect the information to be disclosed and where the information is confidential and its confidentiality is maintained and where one of five safe harbours applies. During the period 4 January 2012 to 27 January 2012, the closing price of Rakon Limited Ordinary Shares ("RAK") increased from $0.47 to $0.67. This represents an increase in the price of RAK of $0.20 or 42.5%. Given this large increase in the price of RAK, please advise NZX whether Rakon Limited continues to comply with Listing Rule 10.1.1. Could you please provide NZX with an answer to the above question (email: [email protected]) before 9.30 am, January 31 2012. Please note that Rakon Limited's response to this letter will be published in full to the market. Yours faithfully Fraser Wyeth Market Supervision SCHEDULE 10.1.1 Continuous Disclosure of Material Information: Without limiting any other Rule, every Issuer shall: (a) once it becomes aware of any Material Information concerning it, immediately release that Material Information to NZX, provided that this Rule shall not apply when: (i) a reasonable person would not expect the information to be disclosed; and (ii) the information is confidential and its confidentiality is maintained; and (iii) one or more of the following applies: (A) the release of information would be a breach of law; or (B) the information concerns an incomplete proposal or negotiation; or (C) the information comprises matters of supposition or is insufficiently definite to warrant disclosure; or (D) the information is generated for the internal management purposes of the Issuer; or (E) the information is a trade secret. In this Rule 10.1.1, an Issuer is aware of information if a Director or an executive officer of the Issuer (and in the case of a Managed Fund, a Director or executive officer of the Manager) has come into possession of the information in the course of the performance of his or her duties as a Director or executive officer. End CA:00218968 For:RAK Type:S/PRICE Time:2012-01-30 11:07:44
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Last
65.0¢ |
Change
-0.010(1.52%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
64.0¢ | 65.0¢ | 64.0¢ | $42.56K | 66.43K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
0 | 50 | 65.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
70.0¢ | 12469 | 0 |
Last trade - 09.54am 04/10/2024 (20 minute delay) ? |
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