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21 March 2005
News Release
Securities Commission completes two insider trading inquiries
The Securities Commission has completed two insider trading inquiries.
In one inquiry the Commission reviewed circumstances surrounding trading in shares of Tenon Limited by a director and several executives prior to a profit forecast upgrade announcement in April 2004.
The second inquiry related to trading in the shares of Dorchester Pacific Limited by its managing director Brent King, Bridgecorp Capital Limited and others in August 2004.
After making thorough inquiries, the Commission has decided to take no further action in these matters.
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Contact: Catherine Chapman, Phone 04 471 7659
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