NZXR approves HKEX, SGX & TSX as recognised exchanges

NZX Regulation has approved the Hong Kong Exchanges and Clearing Limited (HKEX), the Singapore Exchange (SGX), and the Toronto Stock Exchange (TSX) as recognised stock exchanges for equity listings. Approved exchanges are recognised as enforcing rules, procedures and requirements sufficiently similar to those of the NZX Main Board. This enables issuers listed on the HKEX Main Board, SGX Mainboard and TSX to apply for secondary listing on the NZX under the Overseas Listed Issuer regime. Under this regime, issuers comply with the primary rules of their home exchange, and are exempt from almost all NZX listing rules. This aims to provide a cost effective route to the New Zealand market for global companies, while allowing New Zealand investors access to a broader pool of investment products. The recognition of these exchanges follows Memorandum of Understandings NZX signed with HKEX and SGX earlier this year, designed to promote market development initiatives, including the promotion of dual and secondary listings. Today's announcement also reinforces the New Zealand exchange's broader strategy of creating a network of global alliances with its peers. HKEX, SGX and TSX join the London Stock Exchange and the Australian Securities Exchange, as recognised NZX stock exchanges. Further information on exchanges recognised by NZX Regulation can be found at the link below: https://www.nzx.com/regulation/nzx-regulation/recognised-exchanges For further information please contact: Hannah Lynch Head of Communications T: 09 308 3710 M: 021 252 8990 E: hannah.lynch@nzx.com End CA:00316673 For:NZXR Type:MKTUPDTE Time:2018-04-12 09:48:53