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

 

Strathmore shareholders priority allocation

Media Release
For immediate release


Strathmore shareholders priority
allocation further information

Auckland – August 11, 2000, Strathmore Group Limited (NZSE: SMR) said today that a maximum of 4.3 million shares will be available to its shareholders for the priority allocation to CommSoft shares.

The intention of the prority allocation was to reward long-term Strathmore shareholders. CommSoft has advised that it may, in consultation with its underwriter, reject any application or allocate an applicant fewer shares than they had applied for.

Recent purchasers, in particular those buying small holdings of Strathmore shares, will be looked at closely when allocations are made CommSoft said.


Ends

About Strathmore Group Limited

Strathmore Group Limited is a technology investment company with approximately $NZ19 million of shareholders’ funds. It targets Internet, e-Commerce and information technology companies with potential to deliver accelerated growth in shareholder value by competing in global markets. It provides strategic advice, capital support, operational assistance, industry expertise and a network of relationships to assist technology companies to migrate internally.

For further information, please call:

Phil Norman, Executive Chairman, Strathmore Group Limited
Tel +64 21 667 210, E-mail: phil.norman@strathmoregroup.com

Michael Bartrom, Botica Conroy & Associates
Tel +64 9 303 3862, E-mail: michaelb@bca.co.nz
021 403 503

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Petrol Up 19%: Annual Inflation To September 1.9 Percent

The consumers price index (CPI) increased 1.9 percent in the September 2018 year, driven by higher petrol prices, Stats NZ said today. This follows a 1.5 percent annual inflation rate for the June 2018 year. More>>

ALSO:

Young Males Common Victims: NZ Tops List Of Most-Scam-Called Countries

Among the 16 nationalities surveyed for the 2018 Global Tech Support Scam Research conducted by TRG, New Zealanders reported the highest levels of exposure to tech scams, with more than three-quarters of us experiencing at least one. More>>

NZTA Finds Failures: Urgent Review Of Compliance Files

Phil Twyford said NZTA was failing in its duty to properly check the companies that certify vehicles as safe for the road, and other services. “When problems with these companies were identified, there was often no follow up. More>>

ALSO:

Outages: Vector Settles With ComCom On Reliability Breaches

Vector has agreed a settlement with the Commerce Commission for breaches of its network quality standards in 2015 and 2016. More>>

ALSO: