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

 

Statement from MerSea Holdings shareholders

Statement from MerSea Holdings shareholders

SeaDragon has received the following statement from its major shareholders SDMO Trustee Limited and Merinova Limited, respectively holders of 14.1% and 11.5% of the company’s ordinary shares. The entities are the owners of MerSea Holdings Limited, SeaDragon’s former 25.6% shareholder.

“SDMO Trustee and Merinova, wish to advise SeaDragon that they remain supportive of SeaDragon’s strategy, the Board and the terms of this year’s $10.009 million capital raising, including the grant of an option to Comvita to invest a further $3 million which is to be voted on at a special meeting of SeaDragon shareholders to be held in the near future. SDMO Trustee and Merinova recently agreed to dissolve MerSea Holdings and distribute the shares it held in SeaDragon according to each entity’s economic interest in the company. The share distribution took place on Tuesday 17th November 2015 and MerSea Holdings is now in voluntary liquidation.”

SDMO Trustee principal and SeaDragon Director Stuart Macintosh said: “SeaDragon has a bright future in the production of sustainably sourced New Zealand Omega-3 fish oils. I am looking forward to sharing in the gains as the company makes the most of what is a significant opportunity.”

Merinova majority shareholder and SeaDragon Honorary President Ross Keeley said: “I have been with SeaDragon for over 11 years and continue to be very excited about the opportunities it enjoys in domestic and international markets. The recent capital raising has put the company on a strong footing to achieve its goals.”
ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Ongoing Monetary Tightening
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3 percent from 2.5 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions... More>>



Statistics: Weekly Earnings Rise As More In Full-time Employment

Median weekly earnings from wages and salaries rose by 8.8 percent to $1,189 in the year to the June 2022 quarter, Stats NZ said today... More>>



Bell Gully: Uncertainty Ahead With New Unconscionable Conduct Legislation

new prohibition against ‘unconscionable conduct’ in trade is one of a number of changes to the Fair Trading Act 1986 that come into force from 16 August 2022. The new prohibition may have wide-ranging implications for many businesses... More>>


Electricity Authority: Imposes Interim Restrictions On Very Large Electricity Contracts

Consumers of electricity will be protected from potentially paying more than they should due to the impact of very large electricity contracts on wholesale prices, under urgent changes announced today by the Electricity Authority... More>>


Westpac: Economic Overview, August 2022 – Pushing Through

The New Zealand economy faces some lean growth in the year ahead as households’ budgets are squeezed, according to Westpac’s latest Economic Overview... More>>


Kiwi Group Holdings: Fisher Funds Acquires Kiwi Wealth Business

Kiwi Group Holdings Limited (KGHL) today announced the sale of Kiwi Wealth to Fisher Funds for NZ$310 million... More>>