As part of the compromise, two of James Grenon’s former director nominees would get positions with the company.
‘We’ve been saving our pennies for a while,’ says managing director Rod Duke.
It is doubtful whether the new plan will quell investors’ concerns over the trajectory of the company.
Aggregate net profit at NZX-listed firms down 7%, the worst performance on record.
NBR understands listed transport company is in a dispute resolution process with Transport Agency Waka Kotahi.
Santana Minerals says investors ‘should not rely’ on announcement from March 6 after intervention from stock exchange.
Former Plexure business shifted to a sole ASX listing last year but previously expressed its commitment to NZ operations.
Earnings season is always a mixed bag, but this year seemed to be more so.
Shareholders’ Association seeks additional resolutions at special meeting as former banned director Alan Lai pushes for reinstatement as chair.
The King Honey founder and Me Today’s second-largest shareholder’s investment in the NZX-listed company totals about $17m.