The company’s equity raise to recapitalise its balance sheet was oversubscribed, raising $23.9m.
The shareholders' association has added three amendments to the agenda for the Rakon's upcoming AGM.
Joint owners Infratil and NZ Super Fund agree to sell the retirement village operator for A$845m.
Spencer has taken advantage of the company’s soaring share price and pocketed a $600,000 gain on his initial investment.
The company, which boosted its half-year guidance this morning, wants to turn its RadPro system into a platform it can market to other aged care operators.
Company chair says the capital raise would stave off a ‘significant restructuring’ after losing test coverage in its core US market.
Fee compression, capital markets headwinds and a sluggish outlook for its wealth platform all weighing on potential, analysts say.
The company’s share price is in the doldrums, but analysts see new hope in the arrival of Jayne Hrdlicka.
The listed investment company considers ‘strategic options’.
Rakon’s former boss has refused to support the appointment of three independent directors to the company’s board after he was overlooked for the role as chair.