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

 


Shareholders Send Message to Dissidents at Abano Meeting

Shareholders Send Strong Message to Dissidents at Abano Special Meeting

Abano’s shareholders voted in record numbers at today’s special meeting, sending a resounding message to dissident shareholders, Peter Hutson and James Reeves, that they support the Company’s chairman and strategy.

Over 82.5% of Abano’s shares were voted at the meeting, with more than triple the numbers of shareholders voting than any previous meeting in the last six years.

An overwhelming majority of votes, being 76.64% of votes, were against the resolution put forward by Mr Hutson and Mr Reeves to remove Trevor Janes as a Director of Abano.

Mr Hutson and Mr Reeves received the support of less than one percent of Abano’s other shareholders for their resolution. Excluding shareholdings associated with Mr Hutson and Mr Reeves, there were 0.79% of votes for the resolution. Including their associated shareholdings, there was 23.36% of votes for the resolution.

The majority of retail shareholders voted against the resolution at the meeting, as did the New Zealand Shareholders Association and all institutional shareholders who voted.

The Directors hope that the clear message sent to Mr Hutson and Mr Reeves by the majority of shareholders will encourage them to halt their disruptive campaign and engage constructively with the Abano Board.

Following the Special Meeting, the results of the poll were scrutinised by PricewaterhouseCoopers and are as follows:

ResolutionForAgainstTotalAbstain
That Trevor Janes be removed from office as a Director of Abano Healthcare Group Limited with immediate effect3,955,95312,979,72416,935,677191,591

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Broadband Network: Spark Launches New, Competitive Ultra Fibre Plan Line-Up

Spark is giving customers an even more compelling reason to switch to its Ultra Fibre plans from today with the introduction of new competitive pricing for the majority of its plans (details below) and Fibre Landline (voice-over-fibre technology) for ... More>>

Employment: ANZ Proposes Casualisation In Whangarei Stores

ANZ workers in Whangarei could see their incomes drop by 20 to 40 percent if the bank’s proposal to reduce the number of full-time positions goes ahead says FIRST Union national organiser Tali Williams. More>>

Finance: BNZ Develops Specialist Tāmaki Māori Banking Team

BNZ develops specialist Tāmaki Māori Banking Team to support Māori as Auckland grows More>>

Pharmaceuticals: Commerce Commission To Consider Pharmaceuticals Merger

The Commerce Commission has received an application from Pfizer Inc. seeking clearance to acquire all of the shares in Hospira Inc. More>>

Real Estate: Housing Unaffordability Issues Spread

Surging house prices in Auckland and Queenstown last month pushed home ownership even further beyond the reach of first home buyers in the two districts, according to the AMP360 Home Loan Affordability Report for March. More>>

Statistics NZ: Annual Exports To China Dip Below Australia

The value of goods exports to Australia ($8.7 billion) surpassed those to China for the year ended March 2015, Statistics New Zealand said today. More>>

Science: Hookworm Discovery At Malaghan Institute

Professor Graham Le Gros has led a team which has stimulated both innate and memory responses to the parasite, discovering along the way the unexpected behaviour of one particular immune cell, in Hookworm, one of the world’s most devastating tropical ... More>>

Business: Provinces Urged To Make Full Use Of New Air Services

Provincial New Zealand has been urged to use new air services to Auckland or risk losing them either partially or completely. The stark warning was issued today by Far North mayor John Carter at a ceremony at Kaitaia airport to mark the final Air ... More>>

Mobile: 2degrees To Credit All Calls And SMS To Nepal

In the wake of the devastating earthquake in Nepal in the weekend, 2degrees will be crediting all calls and SMS messages made to mobiles and landlines in Nepal from Friday 24th April until midnight Wednesday 29th April. More>>

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news