Announcement
GENERAL: NZX: Amendment to NZX Listing Rules - Direct Listings
08:48am
NZX
02/10/2020 08:48
GENERAL
NOT PRICE SENSITIVE
REL: 0848 HRS NZX Limited
GENERAL: NZX: Amendment to NZX Listing Rules - Direct Listings
Notification of amendment to NZX Listing Rules: Profile Disclosure
Requirements
NZX gives notice of amendments to the NZX Listing Rules (pursuant to Rule
9.2), that amend the disclosure requirements for Profile documents. The
amendments to the Rules were approved by the FMA on 30 September 2020,
following consultation with the market in July 2020.
The proposed changes:
o remove the requirement for prospective financial information to be included
in a Profile, and
o introduce a framework for NZX Foreign Exempt Issuer applicants, to allow
NZX to prescribe the nature and content of Profiles for such applicants,
through templates designed on a jurisdictional basis.
The Listing Rule amendments will take effect from Tuesday 3 November 2020.
NZX will be releasing updates to the Practice Note - Listing and Quotation of
Equity Securities, and the Guidance Note on Backdoor and Reverse Listings, to
provide guidance in respect of the changes. NZX will also publish a new
Practice Note relating to direct listing applications from ASX issuers for
Foreign Exempt Issuer status, to support the amendments.
A marked-up copy of the amendments to the Listing Rules is available in the
Schedule to this announcement.
For further information please contact:
David Glendining
Head of Communications
DDI+ 64 9 375 9866
MOB+ 64 27 301 9248
End CA:00360820 For:NZX Type:GENERAL Time:2020-10-02 08:48:51
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