Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Eforce Ltd Confirms Placement of Shares

For immediate release 2 June 2000

Eforce Ltd Confirms Placement of Shares

Eforce Ltd today confirmed a placement of 6,000,000 shares at .25¢ raising $1.5m in cash.

The purchaser, Mr André Amouyal, has been associated with Product Sourcing International, one of the companies proposed for acquisition by Eforce, for the past three years. The placement is subject to the approval of all resolutions proposed at the company's Annual General Meeting scheduled on 14 June 2000.

Mr Amouyal is involved with a number of companies internationally that are looking to use internet technology to distribute products globally. These companies include BUT International, a retailer with 240 stores throughout France and the French governed islands and Spel, a licence and distribution company with customers such as Carrefour, Casino, Leclerc and Inter.

As part of his new technology investments, Mr Amouyal is the founder and major shareholder of Apolo which has taken positions in 12 Internet Companies based in Europe. Apolo is based in Paris and will be listed on the Paris Stock Exchange in September 2000. A number of Europe's major banks are involved in this listing.

PSI with its sourcing network and supply chain management capability will be closely involved in the procurement and fulfilment requirements of Mr Amouyal's interests and it is further expected that benefits will flow to other Eforce group companies.

Assuming that all resolutions before the shareholders are passed at the Annual General Meeting, Mr Amouyal has indicated his desire to increase his shareholding within Eforce to around 10%. This could be achieved by a further placement of shares or by market acquisition.


For further information contact:

Bill Farmer, Chief Executive Officer Eforce on 09 441 6877 or 021 950 296

Bert Aldridge Communications Contact on 04-4999-111 or 025 241 0352

© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>