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

 

BusinessDesk: Body massages and Uber are in, DVDs are out, says Stats NZ

Statistics New Zealand has rejigged the consumers price index basket in its latest three-year review, adding body massages, Airbnb and Uber and removing DVD and Blu-Ray players…More>>

ALSO:


StuffMe: Commerce Commission Welcomes Dismissal Of Merger Appeal

In a summary of their judgment released today, Justice Dobson and lay member Professor Martin Richardson dismissed the appellants’ process criticisms and found the Commission was entitled to place significant weight on the prospect of reduced quality of the products produced by the merged entity. More>>

ALSO:

Digital Futures: New Chief Technology Officer Role Created

Communications Minister Clare Curran has called for expressions of interest for the new role of Chief Technology Officer position to help drive a forward-looking digital agenda for New Zealand. More>>

Real Estate: NZ house sales slump in December but prices still firm

The number of property sales across New Zealand slumped 10 percent in December from a year earlier but prices continued to lift, according to the Real Estate Institute. More >>

ALSO:


Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>

ALSO:

InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>

ALSO: