Sharechat Logo

Geneva Finance Limited (NZX: GFL) Public Censure of Geneva Finance Limited

Wednesday 17th November 2021

Text too small?

PUBLIC CENSURE OF GENEVA FINANCE LIMITED BY THE NZ MARKETS DISCIPLINARY TRIBUNAL FOR BREACH OF NZX LISTING RULES 3.1.1 AND 3.26.2(c)

In a determination of the NZ Markets Disciplinary Tribunal (the Tribunal) dated 3 November 2021, the Tribunal found that Geneva Finance Limited (GFL) breached NZX Listing Rules 3.1.1 and 3.26.2(c).

GFL released earnings guidance for its financial year ended 31 March 2021 on 15 March 2021 (the Announcement). The Tribunal found that the earnings guidance was Material Information, that GFL had become Aware of the earnings guidance on 2 March 2021 and that GFL had breached Rule 3.1.1 by not releasing the earnings guidance through MAP promptly and without delay. GFL accepted that it breached Rule 3.26.2(c) by not marking the Announcement with the “P” flag denoting price sensitive information.

The Tribunal ordered that GFL pay a financial penalty of $65,000, pay the costs of NZX and the Tribunal, and be publicly censured in the form of this announcement.

The full determination of the Tribunal in this matter is attached to this announcement.

Please see the links below for details

Annoucement

Public Censure of Geneva Finance Limited

Source: Geneva Finance Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

ArborGen Holdings Limited (NZX: ARB) Updates Market on FY22 Guidance
My Food Bag Group Limited (NZX: MFB) Q3 FY22 Trading Update
ikeGPS Group Limited (NZX: IKE) signs $0.9m deal with tier-1 electric utility
Tower Limited (NZX: TWR) Update on Tonga Volcanic Eruption and Tsunami Event
21st January 2022 Morning Report
Trade Window Holdings Limited (NZX: TWL) TradeWindow and Mastercard teams up
Genesis Energy Limited (NZX: GNE) FY22 Q2 Performance Report
Seeka Limited (NZX: SEK) Seeka announces dividend of 13 cents per share
20th January 2022 Morning Report
Z Energy Limited (NZX: ZEL) Q3FY33 Operating Data