Trilogy insists it follows NZX rules despite share price fall
Shares in Trilogy reached $4.92 on August 16 but it has tumbled since.
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Trilogy International, the cosmetics brand and distributor, has told the NZX it continues to comply with the stock market's rules on continuous disclosure, following a fall in its share price.
In a letter to Trilogy, the NZX noted that Trilogy's shares had fallen from $3.85 at the market close on October 25, to $3.30 in trading yesterday morning, a fall of 55 cents or 14.3%.
Lindsay Render, the chief financial officer for Trilogy responded that it continues to meet its obligations.
Shares in Trilogy reached $4.92 on August 16 but it has tumbled since, in a period in which it listed on the ASX and released profits guidance that underwhelmed some investors. It closed up 6c or 1.8% at $3.46 and has risen 94% since a year ago.
(BusinessDesk)
Edwin Mitson
Wed, 02 Nov 2016
Wed, 02 Nov 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Trilogy insists it follows NZX rules despite share price fall
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