Ex-Nuix chair was in ‘state of shock’ after share price slump
Jessica SierNorth Asia correspondent
Former Nuix chairman Jeffrey Bleich says he and the rest of the board were in a “state of shock” about the firm’s steep share price decline but decided the company would be able to make up a gap opening up between its performance and prospectus forecasts.
For that reason, the board felt it was not necessary to inform shareholders that there could miss targets, Mr Bleich told the Federal Court on Monday.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
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