PHL Warrants Price Adjustment
NZX Limited
Level 2, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599
www.nzx.com
Memorandum
To:
Market Participants
From:
NZX Product Operations
Date:
Wednesday, 22 October 2025
Subject
: PHL Warrants Price Adjustment
Message
:
NZX Operations (“NZXO”) advises the reference price for Promisia Healthcare Limited warrants
(“PHLWA”) will be updated at end of day from $0.5 to $0.001.
The reference price is used to determine a security's trading parameters for the day, and
maintain fair and orderly markets. The updated reference price of $0.001 reflects more closely
the benchmark price and will reset the price limits on the security to an appropriate range to
ensure any trading in the security is orderly. The reset of the reference price will purge any buy
orders from the orderbook overnight.
The previous reference price was set at the 500 for 1 consolidation of the warrants in
September 2024 and was calculated using the reference price pre consolidation set at the
lowest allowable tick size for the security. As PHLWA has not traded since the consolidation,
NZXO has determined there is no negative market impact to reset the reference price for the
warrants.
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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