Thursday 8th September 2016 |
Text too small? |
Pan Pacific Petroleum has applied for voluntary delisting from the NZX due to low trading volumes, though it will stay on the ASX.
"The company has been listed on NZX since January 2002, however over the last six month period there has been minimal trading on NZX to warrant further administrative costs to be incurred by the company which could be utilised in other aspects of the business," it said in a statement to the NZX.
PPP has proposed its last trading day be Oct. 13, and said shareholders would be able to sell their shares on market or have them transferred to the Australian register.
Shares of PPP last traded at 3 cents on the NZX and have dropped 18 percent this year.
BusinessDesk.co.nz
No comments yet
PHL - Change in director status
Rua receives bridging capital
Steel & Tube - FY24 Director Nomination Closing Date
September 20th Morning Report
AIA - announces opening of $200 million Retail Offer
PaySauce Senior Management changes
AIA - $1.2 billion Placement Fully Subscribed
HGH - Response to FMA proceedings
SUM - DRP Strike Price and AUD FX Rate for 2024 Interim Dividend
AIA - August 2024 Monthly traffic update