Scoop has an Ethical Paywall
Appointments to MediaWorks Board of Directors
Media Release
For immediate release
Appointments to
MediaWorks Board of Directors
15 June 2007: CanWest
MediaWorks (NZ) Limited (MediaWorks) today announced to the
New Zealand Stock Exchange that HT Media’s acquisition of
CanWest MediaWorks Ireland Holdings’ approximate 70%
shareholding in MediaWorks has transacted and settled.
Accordingly, MediaWorks has appointed five new directors to the board taking the total number of directors to nine. Messrs. McIntosh, Evans, Hill, Aughton and Woolley replace Messrs. Strike, Asper, Maguire and Viner.
The change to the MediaWorks Board of Directors reflects HT Media’s controlling stake in the company and follows HT Media’s announcement on Monday the 11th of June that it had received the approval of the Overseas Investment Office to acquire 100% ownership of MediaWorks.
HT Media’s offer to MediaWorks shareholders is unconditional, (it is not dependent on reaching a minimum threshold) and has been recommended by the independent directors.
All acceptances of the offer will be paid within seven days of the acceptance being received by the registrar.
HT Media’s offer opened on 8 June 2007 and closes at 5pm on 9 July 2007.
ENDS
DIA: Settlement Agreement For Anti-Money Laundering And Countering Financing Of Terrorism Breaches
Bill Bennett: Chorus Anticipates High-bandwidth IoT Demand
John P. Ruehl: Defending Privacy In The Surveillance State And Fragmenting Internet
Ecobaits: Kiwi Inventor Seeks To Change The World Of Fishing And Ocean Care With Sustainable Fishing Products
Bill Bennett: 2degrees Charged Over Roaming Claim
Auckland Zoo: Emergency Mahi Underway For Endemic Skink On The Brink
