Scrip Magazine Issue: February 2024

Proposed trust tax increase a further nail in the coffin for individual shareholders

NZSA Disclaimer Back in July 2023, the due date for responses to one of the previous government’s lesser-publicised bills was coming up fast. It was Mataraki weekend – the new public holiday to recognise the Māori New Year. Clearly, it wasn’t a holiday that meant much to the Finance and Expenditure Select Committee, with consultation…
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GEO Limited – 2024 Special Shareholders Meeting Report

Special Meeting Report, January 23 2024 Click here for NZSA Assessment and Voting Intentions The Chair Tim Molloy outlined the rationale behind the company seeking shareholder approval to delist from NZX – mainly the compliance costs, which were disproportionate for the size of the company and limited its ability to expand, and the lack of…
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Winton Land Limited – 2024 Special Shareholders Meeting Report

Special Meeting Report, January 22 2024 Click here for NZSA Assessment and Voting Intentions The Chair and CEO, Chris Meehan, opened the meeting – setting out the purpose being to approve the sale of shares by Wanaka Partners LLC, to Perpetual Corporate Trust Limited as custodian for Akarua at $2.50 per share. The shares are…
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Will fast food give shareholders a bad case of gout?

NZSA Disclaimer At a Special Meeting held on December 14th, shareholders of Burger Fuel approved a special resolution for the return of capital to shareholders. Or did they…? A deeper analysis of the shareholder voting results gives a slightly different picture as to the outcome. The ‘raw’ vote by shareholders is shown in the image below:…
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