18/11/2022, 9:39 am GENERAL
Friday, 18 November 2022
NZ RegCo publishes investigation report into NZA
NZ RegCo publishes investigation report into NZ Automotive Investments Limited
18 November 2022 – NZ RegCo has today published a report following an investigation of NZ Automotive Investments Limited (NZA) in relation to board changes during 2022.
NZ RegCo’s investigation concluded that NZA breached NZX Listing Rule 2.7.1 in relation to a decision not to put forward one of its recently appointed directors, Samantha Sharif, for re-election at its ASM on 2 September 2022. NZ RegCo determined to pursue an educative, rather than enforcement, outcome in relation to NZA’s breach.
The investigation report sets out a summary of the scope of NZ RegCo’s investigation and its findings. It also sets out best practice guidance on matters relating to board-appointed directors.
A copy of the investigation report is attached.
For further information, please contact:
Joost van Amelsfort
NZ RegCo, Chief Executive
T: 04 498 2278
E: [email protected]