Trilogy insists it follows NZX rules despite share price fall
Shares in Trilogy reached $4.92 on August 16 but it has tumbled since.
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
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Trilogy insists it follows NZX rules despite share price fall
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