Press Release – Financial Markets AuthorityThe Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko has obtained a seven-year banning order against Peter Huljich and accepted an enforceable undertaking from Sarah Huljich (née Elder), concluding its insider conduct proceedings relating to the sale of shares in Pushpay Holdings Limited (NZX: PPH). Mr Huljich was convicted on a charge of insider conduct on 3 November 2023. Mr Huljich had such information and encouraged others to trade when that information was not generally available to the market trading on it. The seven-year ban that now concludes the FMA’s proceedings over the Pushpay share sale is a significant consequence. Pushpay was not the subject of the FMA’s investigation and was not a party to the proceedings, and Mr Crowther’s own share sale was lawful.