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

 


CAM takes 19.9% holding in Charlies'

31st August 2006


Media Release


Collins Asset Management takes 19.9 percent holding in Charlies’ Group

Auckland-based investment company Collins Asset Management has become the largest shareholder in premium beverage company Charlie’s Group Limited.

Collins became a substantial shareholder in Charlie’s earlier this year when it subscribed to a placement of shares made to complete the purchase of the Phoenix Organics group. It increased its holding in May, and has now done so again through a series of on-market purchases, to 19.9 per cent.

“We regard this as a long-term strategic stake in a company with excellent management, strong brands and a global growth strategy,” says Tim Cook, Managing Director of Collins Asset Management.

“This is not a takeover play as suggested in some media today. In reality, the more we have become involved with Charlie’s, the more impressed we are with the high calibre of its people and products. There is a strong global trend for clean, honest and healthy products, and Charlie’s is superbly positioned to sell into this trend. This is a very exciting prospect.”

Mr Cook was appointed a Director of Charlie’s Group on 28th March 2006.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news