Yes, ZIP previously operated in four countries—Australia, New...

Yes, ZIP previously operated in four countries—Australia, New Zealand, the US, and Canada—and now it's down to three. According to ASIC's continuous disclosure rules, any changes in operations that can affect a company's valuation must be promptly disclosed.

The closure of operations in one of these countries certainly qualifies under these rules. ASIC mandates that all publicly listed companies must immediately inform the market about any information that a reasonable person would expect to have a material effect on the price or value of the company's securities.

Therefore, the cessation of operations in any country is significant information that should have been disclosed under these guidelines, ensuring that all investors are on a level playing field with access to essential information. Well worth raising to investor relations and if there is a poor response, then ASIC.