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When your platform's file upload limit halts a customer's market trading

businessdesk.co.nz

2 points by GiffertonThe3rd 3 years ago · 2 comments (1 loaded)

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GiffertonThe3rdOP 3 years ago

Someone embedding full-size images in their docs again? :-)

Context: Tower is a listed New Zealand general insurer (also listed on the ASX), with a market capitalisation of $265.64m NZX is The New Zealand Stock Exchange.

Article text: "Tower has had to put its shares in a trading halt before the NZX opened this morning, due to the general insurer’s full-year results “exceeding the NZX market announcement platform limits”. BusinessDesk was told by Tower just after 9am that the results would be uploaded shortly but the general insurer proceeded to notify the market almost 40 minutes later that Tower was still struggling to upload its full-year results for the 12 months ended Sep 30. ... ... A spokesperson told those attending Tower’s 10am investor and analysts briefing that it would be delayed due to Tower facing “technical issues” and was urgently trying to get the results uploaded to the NZX as soon as possible. "We apologise for the delay and are urgently working to resolve this," they said."

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