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

 

Court Ruling: Kiwifruit NZ Ordered To Consider Collaborative Marketing Proposals

The High Court has told kiwifruit marketer Zespri to reconsider collaborative marketing proposals from Splice Fruit and Seeka Kiwifruit to sell fruit offshore that its board had previously rejected. More>>

ALSO:

Electric Vehicles: No Road User Charges Feature In Govt Package

Drivers of electric vehicles won't have to pay road user charges and will be allowed to drive in bus lanes as part of a new government plan to double EV numbers annually to a target 64,000 by 2021. More>>

ALSO:

Pre-Budget: Computer Emergency Response Team, Assemble!

John Key told the country's first ever Cyber Security Summit in Auckland that the government had earmarked funding set up a national Computer Emergency Response Team to help prevent and act on cyber incidents in partnership with the private sector and other organisations. More>>

ALSO:

Job Cutter Goes: Mark Weldon To Step Down As MediaWorks CEO

“When I joined MediaWorks in August 2014, I had a mandate to lead a significant change programme to bring the business back from receivership into a position where it could once again be a strong competitor in the market, with a sound and sustainable future. It was a big brief, laden with inherent challenges, but I took it in good faith and have dedicated myself fully to the goal since." More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news