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craig norgate

New liquidator standards won’t stop cowboys

Snuggling-up accountants battle ‘declining relevance’

Craig Norgate

Businessman's mansion to go under hammer

Institutions snap up Rural Portfolio's PGG Wrightson shares

Institutional investors have gobbled up a large chunk of 46.8 million PGG Wrightson shares after receivers of Craig Norgate’s Rural Portfolio Investments moved quickly to liquidate assets.

RPI now to RIP

Receivers appointed to two Rural Portfolio companies

The assets of Rural Portfolio Capital (RPC) and Rural Portfolio Investments (RPI), companies associated with businessman Craig Norgate, were today put in the hands of receivers.

Trustees Executors, as security trustee for investors in RPC redeemable preference shares, appointed Kerryn Downey and Andrew Grenfell of McGrathNicol as receivers to the secured assets of the two companies.

The receivers will now secure assets that include 46.8 million shares in PGG Wrightson, 10 million shares in New Zealand Farming Systems Uruguay and $742,314 in an escrow account.