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Update From Annual NZX Listed Issuer Forum 2016

Date 05/10/2016

NZX held its annual Listed Issuer Forum in Auckland yesterday, which attracted more than 110 attendees from 82 listed companies.

Topics covered at the forum included discussions on best practice shareholder communications and insights on debt issuance strategies under the Financial Markets Conduct Act. An update on NZX’s proposed revised corporate governance best practice code, and a keynote address from Aspiring Asset Management Director Campbell Stuart also formed part of the afternoon session.

NZX CEO Tim Bennett commented: “Given the diversity of companies listed on NZX it is important our issuers are well supported, and can make the most of their opportunities as listed enterprises.”

“NZX’s annual forum has become a landmark event for our issuers, which is a reflection of the ongoing programme of engagement by our Markets, Regulation and Operations teams.”

NZX hosted a series of workshops focussed on providing practical guidance to issuers on their listing obligations.

Topics covered included understanding NZX’s proposed new arrangements for administrative trading halts and the disclosure of material information; dealing with disclosure obligations in developing market scenarios; and key considerations for issuers transacting with related parties.

NZX Head of Market Supervision Joost van Amelsfort noted: “NZX plays a key role in supporting the development of New Zealand’s capital markets. An important part of NZX’s regulatory strategy is to proactively engage with our listed issuers, to encourage continued development of best practice compliance frameworks, and to front-foot market and legislative trends. We are delighted with, and grateful for, the levels of interest and engagement from NZX issuers.”