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New PGG Wrightson chair reveals Agria concerns

Independent directors previously ‘outvoted’ on debt-funded dividend payouts.

PGG Wrightson chief executive Stephen Guerin, left, and chair Garry Moore.

Tim Hunter Tue, 27 Feb 2024

The decision to suspend PGG Wrightson’s dividend payout, announced with the company’s half-year results today, was driven by the board’s independent directors, says new chair Garry Moore.

The NZX-listed farm services company has been hit with major ructions at board level after former banned

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New PGG Wrightson chair reveals Agria concerns
Investment,
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