Trilogy tells market continues to meet requirements

Tuesday 01 November 2016 05:16 PM

Trilogy tells market continues to meet disclosure requirements on share price fall

By Edwin Mitson

Nov. 1 (BusinessDesk) - 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 Oct 25, to $3.30 in trading this morning, a fall of 55 cents or 14.3 percent.

Lindsay Render, the Chief Financial Officer for Trilogy responded that it continues to meet its obligations.

Shares in Trilogy reached $4.92 on Aug 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 6 cents or 1.8 percent at $3.46 and has risen 94 percent since a year ago.

(BusinessDesk)

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