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

 


Peter Maire Takes Cadmus Stake

26 August 2004

Peter Maire Takes Cadmus Stake

Navman founder, Peter Maire, has been revealed as “the man behind the stand,” picking up 18.4 percent of Cadmus Technology Limited (NZX: CTL) since Tuesday 24 August.

ABN AMRO Craigs had received instruction from Tahia Investments, in which Mr Maire is the main shareholder, to purchase up to 19.9 percent of Cadmus at $0.12 per share. Tahia instructed ABN Amro to withdraw from the market at 5:00 pm on Wednesday 25 August, with Tahia accumulating 18.4 percent of Cadmus. There were no conditions associated with the bid.

Commenting on the background to his bid, Peter Maire said, “I have been looking for a technology company with global potential and one where my skills and experience can really add value. Cadmus is one of those genuinely good New Zealand companies that produces world class payment solutions. They are ready to scale into international markets and I think I can help them with that.”

Cadmus Chairman Keith Phillips said, “Peter’s involvement in Cadmus is both welcome and timely. His engineering and manufacturing experience will be invaluable as we expand. And his knowledge of the international market place will lead to some immediate pay offs. We are delighted to have him as a cornerstone shareholder.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news