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

 

Compass Communications New Capital Market Listing

News Release 13 November 2000

Compass Communications Group Ltd announces New Capital Market listing


MONDAY 13 NOVEMBER 2000

Compass Communications Group Limited announced that it is offering a total of 1,200,000 ordinary Shares at $0.50 per Share to raise a total of $600,000 on listing on the NZSE New Capital Market.
Compass says proceeds from the shares issued under the Offer will be for the eventual negotiation of potential key transactions.
The Directors have confirmed the acquisition of Compass Communications Limited as a potential Key Transaction, contingent on a vote by shareholders.
Compass Communications Limited was established in 1995 as a provider of enhanced fax services to the business market. It now operates its own nationwide telecommunications network to provide voice, fax and data services to business and residential customers throughout New Zealand.
Directors said that the new capital will be used to finance further key transactions or acquisitions and fund further developments in the technology sector.
The directors of the company include well-known New Zealand businessman John Fernyhough LLB, LLM (Hons), JD (Chicago) who is a Compass Communications Ltd Independent Director and Chairman.
Karim Hussona BSc (Hons) is the founder and Chief Executive Officer of Compass Communications Limited. He has considerable telecoms experience including Cable and Wireless Plc. in London and software development experience for Cray Research (UK) Limited and British Telecommunications Plc.
In 1998 Karim won the Ernst & Young Entrepreneur of the Year award in the New Business category.

…/2

…/2
Paul Carter, B.Com is the Chief Financial Officer for Compass Communications Limited. He was previously employed as an accountant for Cable and Wireless Plc. in London, as an accountant for Kerr McGee Oil (UK) Limited and as a financial adviser for the Ministry of Fisheries.
The closing date of offer is expected to be 24 November 2000 or earlier if full subscription is reached. Allotment date is expected to be 27 November 2000 or two working days following the closing date if the offer closes early.
Trading is expected to commence on the Exchange on 29 November 2000, or the third trading day after the closing date.

For further information, please contact:

Karim Hussona
Compass Communications
Level 3, 6-8 Seafield View Road
Grafton
Auckland
(09) 359 8900

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Transport: Successful Bridge Repair Opens Two Additional Lanes To Traffic

The opening of two additional lanes on the Auckland Harbour Bridge this morning will help relieve some motorway congestion for motorists heading home to the North Shore tonight. More>>

ALSO:

Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>

ALSO:

Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>

ALSO:

MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>

ALSO:


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>

ALSO:


University Of Auckland: Whale-Watching By Satellite – Follow Their Travels Online

Scientists have successfully attached satellite tracking tags to six New Zealand southern right whales, or tohorā, and are inviting the public to follow the whales’ travels online. Part of a major research project involving the University of Auckland ... More>>

Commerce Commission: Kiwibank Admits System Failures And Agrees To Pay Customers $5.2 Million

Kiwibank has entered into a settlement agreement with the Commerce Commission after reporting that it failed to have in place robust home loan variation disclosure policies, procedures and systems. In a settlement dated 27 August 2020, Kiwibank admitted that ... More>>

Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>

ALSO:

NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>

ALSO:

Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>

ALSO: