CSM Group Limited (“CSM”) – Suspension of quotation
NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Welli ngton 6140
New Zealand
Tel +64 4 472 7599
www.nzx.com
Memorandum
To: Market Participants
From: NZX Regulation
Date: Tuesday, 17 December 2019
Subject: CSM Group Limited (“CSM”) - Suspension of quotation
Message:
NZX Regulation (“NZXR”) advises that it has suspended the quotation of CSM ordinary shares.
The suspension of quotation was placed pre-market open today.
As outlined in a market memorandum released on Friday 13 December 2019, NZXR had
applied a trading halt over CSM ordinary shares while discussing with CSM the proposed
acquisition of The Good Brand Company Limited and Me Today Limited (the “Acquisition”). The
Acquisition constitutes a reverse listing which, in accordance with NZX guidance, triggers a
suspension of quotation. This process is contemplated by the NZX Guidance Note on Backdoor
and Reverse Listing Transactions and is designed to ensure that the shares in an Issuer can
only be traded where the market is fully informed about all material aspects of a potential
acquisition in the context of a reverse listing transaction.
The suspension will remain in place until information contemplated by a Notice of Meeting or
Profile is disclosed to the market.
Please see the NZX Guidance Note on Backdoor and Reverse Listing Transactions for further
detail about the information contemplated by a Notice of Meeting or Profile, and when NZX may
exercise its discretion under NZX Listing Rule 1.11.1 - https://www.nzx.com/regulation/nzx-
rules-guidance/nzx-mo-announcements/guidance-notes
Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com
with any queries.
ENDS
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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