(1) In this notice, unless the context otherwise requires,—
business update means a release required under rule 49 of the NXT market rules
interim update means a release required under rule 50 of the NXT market rules
key operating milestones or KOMs means, in respect of an NXT issuer or NXT issuing group, metrics for measuring and reporting on the performance of the NXT issuer’s or NXT issuing group’s business
loss-making means, in respect of an NXT issuing group, that the NXT issuing group made a net loss after tax as determined in accordance with GAAP for the most recent period or, if the most recent period ended more than 9 months before the date of the PDS, the most recent interim accounting period
NXT advisor means a person who is accredited as an NXT advisor under the NZX participant rules
NXT issuing group means the NXT issuer and all subsidiaries of the NXT issuer at the date of the PDS
NXT market or NXT means the financial product market operated by NZX under that name that is a licensed market
NXT market rules means the market rules for the NXT market
NXT shares means shares in an NXT issuer
NXT standard means the NXT standard as provided for in the NXT market rules in respect of an NXT issuer’s or NXT issuing group’s KOMs (for the purpose of ensuring KOMs that taken together address the most significant factors by which the performance of the NXT issuer or the NXT issuing group’s business should be assessed and monitored and will result in understandable reporting for investors)
NXT website means the Internet site operated by NZX for the NXT market
NZX participant rules means the NZX Participant Rules made by NZX from time to time
(2) Any term or expression that is defined in the Act or Regulations and used, but not defined, in this notice has the same meaning as in the Act or Regulations.
(3) A reference to a rule in the NXT market rules includes a reference to any modification of, or rule made in substitution for, that rule.