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Colonial claims ‘factual errors’ in NZSA snag

Chair Ashley Waugh responds to Shareholders' Association action that aims to ’make a point’.

Colonial has a number of dealerships around the country, including Ford and Mazda.

Key points
  • What’s at stake: NZ Shareholders' Association will vote against all resolutions at the Colonial Motor Co AGM on Friday over concern about disclosure to investors.
  • Background: NZSA chief executive Oliver Mander wants the company to provide more information about risk and risk mitigation, as well as disclosure about the composition of the company’s board and skillsets.
  • Key players: Colonial Motor Co, Ashley Waugh, NZSA, Oliver Mander, NZX.

Colonial Motor Company has criticised the Shareholders’ Association report into the listed company, pointing to what it said were factual errors that were left uncorrected – although it did not elaborate on what the errors were. 

The NZSA had said it planned to vote against all resolutions at

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Key points
  • What’s at stake: NZ Shareholders' Association will vote against all resolutions at the Colonial Motor Co AGM on Friday over concern about disclosure to investors.
  • Background: NZSA chief executive Oliver Mander wants the company to provide more information about risk and risk mitigation, as well as disclosure about the composition of the company’s board and skillsets.
  • Key players: Colonial Motor Co, Ashley Waugh, NZSA, Oliver Mander, NZX.
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Colonial claims ‘factual errors’ in NZSA snag
Investment,
101598
true