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

 


Diligent Preferred Stock Dividend


DILIGENT BOARD MEMBER SERVICES, INC.

Diligent Preferred Stock Dividend

24 December 2012

Diligent Board Member Services, Inc.’s (Diligent) Board of Directors has declared a cash dividend of US$0.011 per share on its Series A Preferred Stock, payable on January 2, 2013 (US time), which in the aggregate amounts to a dividend of US$359,338 to the Series A Preferred Stock holders. This dividend is payable pursuant to Diligent’s Certificate of Incorporation.

Spring Street Partners LP, one of the holders of the Series A Preferred Stock, has advised Diligent that it is waiving its right to the dividend which amounts to US$239,557, and it directed the Company to retain those funds. Mr. David Liptak, the President of Spring Street and the Chairman of Diligent's Board of Directors, commented, “In recognition of our appreciation for the excellent performance of the stock over the last year, Spring Street Partners has elected to waive its right to this dividend payment and thereby reward the Company for its performance and enable the Company to reward employees with cash bonuses. We are strongly committed to Diligent and will continue to support it as the leading provider of board portal software worldwide.”

The Board of Directors of Diligent and Mr. Sodi, its CEO, thanked Spring Street Partners for its generosity and continued support and investment.


ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news