SkyCity Entertainment Group, the casino operator in talks with the New Zealand government to build a convention centre in Auckland, has apologised to the Australian stock exchange over a late filing of a director's appointment, and said it won't happen again.
The Auckland-based company lodged a notice informing the Australian market of Richard Didsbury's appointment outside the required five business days after company secretary Peter Treacy needed clarification on the final two approvals, Treacy said in response to a please explain letter from the ASX.
Since breaching the rules, Treacy has taken "further steps to ensure this does not happen again," which will see staff dealing with regulators outside New Zealand inform him immediately in relation to board appointee approvals so as "not to hold up stock exchange filings," he said in a letter to the regulator. "I am confident we will not have a further late filing."
SkyCity flagged Didsbury's appointment in November with his formal approval last month.
The dual-listed shares rose 2.2 percent to $3.66 in trading in New Zealand, and were up 2.2 percent to A$2.80 on the ASX.