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

 


Pacific Edge to seek increase in directors' fee pool

Pacific Edge to seek increase in directors' fee pool; plans to refresh board

By Suze Metherell

Aug. 8 (BusinessDesk) - Pacific Edge, the non-invasive bladder cancer test maker, will ask shareholders to approve a boost in fee pool used to pay directors at its annual meeting, and plans to to refresh its board and replace outgoing director Colin Dawson.

The Dunedin-based company will ask shareholders at its Aug. 21 meeting to raise the maximum pool of fees to non-executive directors by $26,000 to $198,000 to cover any future appointments, the company said in a statement. Dawson, who has been a director with Pacific Edge since 2002 according to his LinkedIn profile, today announced his resignation from the board, stepping down at the meeting.

Pacific Edge is refreshing its board as it chases sales growth in the US with its Cxbladder technology, which tests for bladder cancer. Bryan Williams, who was chairman of a Nasdaq listed company, was appointed as an independent director in the past 12 months, while Bruce Nogales, a US businessman, has joined its US subsidiary, Pacific Edge Diagnostics USA, board last year, it said.

"The board has identified a number of commercialisation skills and capabilites that would be of value to the company," Swann said. "We are indiscussion with a several candidates and we hope to make an announcement on appointment of new directors in the near future."

Shares of Pacific Edge rose 4.4 percent to 71 cents, and have fallen 49 percent in the past year.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news