.jpg)
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.
