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

 

Advantage Shareholders Approve Acquisitions

Advantage Shareholders Approve Acquisitions and Endorse Direction of E-commerce Company

Auckland - Friday, 9 July 1999 - Advantage Group Limited (NZSE: ADV) announced this afternoon that all resolutions were passed unopposed by shareholders at today's Special Meeting held at Advantage's Auckland offices.

This confirms Advantage's acquisition of the major business interests of Computer Enhancements, New Zealand's leading supplier of barcode-based scanning and portable data acquisition solutions, and the acquisition of PEC Retail Solutions, a supplier of world-leading retail automation software solutions to the global oil industry. Shareholders also authorised the directors to issue up to 10 million ordinary shares to enable further capital raising.

At the meeting, chairman Evan Christian said: "We have made a creditable beginning...if we are to go forward, I want it to be with shareholder support. Accordingly I'm asking you today not just to cast your vote in favour of the resolutions before you, but also in support of the vision we have for our company."

Following the meeting Mr Christian said that shareholders' unanimous endorsement of the company's performance and e-commerce direction is extremely encouraging for Advantage's Board and management. Company Background

Advantage Group Limited, an NZSE listed company, is a leading supplier of advanced electronic commerce and transaction processing solutions in the retail, oil, banking, health and hospitality sectors in New Zealand, Australia and throughout the southern hemisphere. It provides the hardware, software, transaction processing and funds transfer capabilities to enable complete e-commerce solutions. ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Super Fund/Canada Bid v NZTA: Tow Preferred Bidders For Auckland Light Rail

The two preferred delivery partners for Auckland light rail have been chosen and a final decision on who will build this transformational infrastructure will be made early next year, Minister of Transport Phil Twyford announced. More>>

ALSO:

9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>

ALSO:

Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>

ALSO: