NZOG's shares will be suspended on the ASX from the close of trade on 24 May and removed from the official list of the Australian bourse on 31 May.

The company said it would continue to trade on the New Zealand stock exchange (NZX), with chairman Rodger Finlay adding the board believed the cost of continued listing on ASX outweighed the benefits, especially at a time the company was looking to cut costs.

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