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AirAsia opens more routes to Central Asia, China, India
Nevil Gibson
Sat, 02 Dec 2023
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Former Sanford director Abby Foote sells out of company
Former director of Sanford Abby Foote has sold all of her shares in the company, following her sudden resignation from the board on November 9.
Foote sold her 12,000 shares in Sanford in two tranches earlier this week. She received a total $44,578.5 for the sale, equating to roughly $3.71 per share.
“I am no longer aligned with the view of the majority of the board as to the best interests of the organisation in particular as it relates to actions by significant but minority shareholders which are making it increasingly difficult to govern the organisation in accordance with the expectations of the NZX Corporate Governance Code and my view as to good practice for listed companies,” Foote said on her departure.
Last month, Sanford reported a revenue increase of 4% to $553 million, the highest reported in the last five years. Adjusted earnings before interest and tax of $49m was up 23%, near pre-pandemic levels. There was a final dividend for the year of six cents per share.
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