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

 

Crown Accounts: Government Ekes Out Six-Month Surplus Of $9M

The New Zealand government eked out a tiny surplus in the first six months of the fiscal year as growth in domestic consumption lifted the goods and services tax take, while uncertainties over the Kaikoura earthquake costs meant expenses were less than expected. More>>

ALSO:

Almost 400 Jobs: Shock At Cadbury's Dunedin Factory Closure

Workers at Cadbury in Dunedin are reeling after learning this morning that the iconic Cadbury factory is to close, with the loss of almost 400 jobs... “The company had reported it was doing well and this has come out of the blue,” says Chas. More>>

ALSO:

Transport: Boards Of Inquiry For Auckland Roading Projects

Boards of Inquiry have been appointed to decide on two significant Auckland roading projects in a move which will get a decision by the end of the year, Environment Minister Dr Nick Smith and Conservation Minister Maggie Barry announced today. More>>

ALSO:

Three Months On: Quake Reciovery In Kaikōura And Elsewhere

Three months after the magnitude 7.8 earthquake on 14 November, encouraging recovery progress is being made in affected communities. More>>

ALSO:

Jetstar, Qantas For Govt Transport: Government Still In Talks With Air NZ

The government is still negotiating with national carrier Air New Zealand in a cross-agency air travel contract that will add a number of new airlines to the list of approved flyers. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news