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http://www.scoop.co.nz/stories/BU1302/S00159.htm Former Independent Directors of Mainzeal Group Ltd Comment Wednesday, 6 February 2013, 5:40 pm Press Release: Joint Media Statement Media Statement 06/02/13 Former Independent directors of Mainzeal Group Ltd comment Today the Bank of New Zealand appointed receivers to Mainzeal Property and Construction Ltd (MP&CL) and Mainzeal Living Ltd (MLL). Mainzeal Group Ltd was not put into receivership. However the independent Chair of MGL, Dame Jenny Shipley confirmed that, as of midday February 5th 2013, 4 directors resigned as members of the board of Mainzeal Group Limited. We did so because we did not have sufficient confidence in our ability to continue to perform our duties as independent directors, as the undertakings given and the basis on which we had undertaken serve as Directors had changed and so we had no option but to tender our resignations.” [....]

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