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
AIR - Update on Chief Operational Integrity and Safety Officer
Comvita Limited - Annual Report 2024
September 27th Morning Report
Spark announces departure of Finance Director
FBU - Retail Entitlement Offer Opens
September 26th Morning Report
FBU - Equity Raising Announcement
Heartland appoints CEO, advises of change to senior manager
CEN - Indicative pricing for green Capital Bond offer
September 23rd Morning Report