Agreement ends Australian claims alleging misleading and deceptive conduct in company disclosures in 2020 and 2021.
Grenon would trigger provisions under the Takeovers Act if he crossed 20%.
Retailer warns it ‘currently cannot predict’ the impact of geopolitical tensions on its business.
Discussions regarding capital raise and refinancing remain ongoing, dual-listed retailer says.
Infratil touches four-month high on earnings upgrade for CDC data centre unit.
The NZX-listed horticulture company has been looking at its strategic options since last July.
The plan revived investors’ appetite for riskier assets and took the wind out of elevated oil prices.
The dual-listed retailer had been due to release results today but delayed, then said it needed to raise capital.
The NZX- and ASX-listed retailer was set to report interim earnings this morning.
Chair David Kirk says combining multiple surf brands that directly compete with each other ‘is not a strategy that has proven effective’.