Networking security technology company TZ Limited (ASX:TZL) has defended its continuous disclosure mechanisms, after it was late disclosing a change in the holdings of two of its directors.
The week-long delay in disclosing the changes of interest was due to the fact that TZ's company secretarial resources have been tied up by the creation of a recent prospectus and other activities, TZ said in response to a query from the ASX.
The company has adequate disclosure mechanisms in place to ensure compliance with ASX listing rules, and through these mechanisms the directors had notified the company of the change on time, it added.
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