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

 


Removal of Trevor Janes - Abano Special Meeting

Removal of Trevor Janes - Abano Special Meeting

Activist shareholders Peter Hutson of Healthcare Industry Limited (HIL) and James Reeves (Steamboat Capital Limited) welcome today’s announcement by Abano Healthcare Limited (Abano) that it is proceeding with convening a special meeting to vote on the Chairman, Trevor Janes.

“We see this as a demonstration of shareholder democracy at work. Abano has acquiesced and shareholders will finally be able to participate in a democratic process. We now ask that the company promptly sets a meeting date, allowing sufficient time for all shareholders to adequately consider information available regarding both the governance and performance issues of the company,” Mr Hutson said.

Based on the established convention of a two-week approval process involving the NZX, and in line with the general meeting timelines of leading companies, such as The Warehouse Group and Mighty River Power, HIL and Steamboat have proposed the Abano Special Meeting be held on or around 26 June 2014.

“We look forward to receiving confirmation of the proposed special meeting date when Abano submits the draft Notice of Meeting to NZX for review. In our view, this should take place in the next couple of days,” Mr Hutson said.

As previously indicated, HIL and Steamboat trust the full and correct career profile of Mr Janes will be contained in the Notice of Meeting.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Consents And Taxes: Trustpower 'very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news