March 19, 2020 / 5:58 AM / 22 days ago

BRIEF-Nzx Ltd Announces Lift In Capital-Raising Capacity To Help Buffer Covid-19

March 19 (Reuters) - NZX Ltd:

* NZX LTD - NZX ANNOUNCES LIFT IN CAPITAL-RAISING CAPACITY TO HELP BUFFER COVID-19

* NZX LTD- PLACEMENT CAP UNDER LISTING RULE 4.5.1 WILL BE INCREASED FROM 15% TO 25% UNTIL 31 OCTOBER 2020

* NZX LTD- CERTAIN TIMING REQUIREMENTS FOR RIGHTS ISSUES WILL BE SHORTENED, TO FACILITATE EASIER AND QUICKER PRO RATA OFFERS

* NZX LTD- UNDER CLASS RELIEF, ISSUERS WILL BE ABLE TO UNDERTAKE ADDITIONAL EQUITY SECURITY ISSUANCE WITHOUT SHAREHOLDER APPROVAL UP TO REVISED LIMITS

* NZX LTD- THERE COULD ALSO BE AN EXTENSION TO PROPOSED WAIVER PERIOD AND SCOPE OF CLASS WAIVER, IF APPROPRIATE Source text for Eikon: Further company coverage:

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