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Rex fined $A66,000 for newspaper interview

Regional Express Holdings (Rex) has been fined $A66,000 by the corporate regulator after deputy chairman John Sharp revealed its expansion plans to a newspaper before the market was informed.

The Australian Securities and Investment Commission found there were reasonable grounds to believe the airline was in breach of its continuous disclosure obligations from May 11 to May 12, 2020.

The company paid a penalty of $66,000 after ASIC issued an infringement notice alleging it had not complied with its continuous disclosure obligations.

READ: Rex expands Canberra foothold with $A69 Melbourne fares.

Those obligations mean publicly traded companies are required to disclose information that read more ⇒

Source:: AirlineRatings.Com

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