23 Mar 2011

Investment firm fined over reporting delay - tribunal

8:42 am on 23 March 2011

Listed investment group IRG has been ordered to pay a $25,000 fine for failing to file its annual results and report within the time period required by the Stock Exchange.

The New Zealand Markets Disciplinary Tribunal says while IRG has admitted both breaches, it has not heard from the company regarding the penalties.

IRG has also been ordered to pay the costs incurred by the tribunal and the NZX concerning the matter.