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

 


Revised Services Agreement and Board Changes

Revised Services Agreement and Board Changes

June 11 2014

Following recent meetings between CRP and Boskalis, the two parties have agreed a variation to the services agreement that the parties entered into July 2012 (the “Variation Agreement”).

Under the Variation Agreement, Boskalis will assist CRP with the marine consent application; including providing technical advice and making available personnel with relevant technical expertise to attend the anticipated application hearings. The granting of marine consent is the next key step in the Company’s development and the Board welcomes the continuing involvement of Boskalis in this process.

Consideration for the services to be performed under the Variation Agreement is expected to be satisfied by the shares issued to Boskalis in 2012, which formed a prepayment for services to be provided by Boskalis.

Further to the Variation Agreement, and in anticipation of CRP’s Admission to AIM, Mr. Jacobus (Ko) de Blaeij, the Boskalis representative on CRP’s board, has stepped down as a director of CRP. It has been agreed in principle that CRP will formalise an expert advisory panel to assist the CRP Board on technical matters and it is intended that Mr De Blaeij will chair that panel.

The Board would like to thank Ko for his support to the Company over the last few years and looks forward to accessing his extensive experience through his new role as the chairman of the new technical advisory panel.

CRP is also making significant progress with its AIM listing and capital-raising. CRP has carried out a review of the Board structure and the company’s governance in preparation of Admission to AIM. As a result, Linda Sanders has stepped down as Executive Chairman and Robert Goodden has been appointed as the new Non-Executive Chairman of the Board. Robert is based in the United Kingdom and has extensive marine mining experience and industry links.

The Board thanks Linda for her tremendous contribution as Chairman. She will continue her critical executive director role of Corporate Affairs Director.

Focus is now on the AIM listing and capital-raising.

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