Rural Equities Limited (REL)

[Sideshow Bob]

Looks like not much came out of the AGM yesterday.....

Marketplaces (usx.co.nz)

REL’s Annual Meeting of Shareholders was held in Christchurch yesterday, 18 November 2021. The three resolutions considered by Shareholders were passed as follows:The resolution to reappoint Rodger Finlay as a REL Director was approved with a 97% majority.The resolution to increase the Directors’ fee pool from $275,000 to $445,000 was approved with a 97% majority.The resolution to authorise the Directors to approve the remuneration of the Auditor was approved with a 100% majority.

[Southern Lad]

Based on the shareholder listings available through the NZX subscription service, I see Rural Equities Ltd held the following shareholdings as at 10 December 2021:

2,250,000 shares in Tower Limited
1,346,726 shares in Sanford Limited

[percy]

Based on the shareholder listings available through the NZX subscription service, I see Rural Equities Ltd held the following shareholdings as at 10 December 2021:

2,250,000 shares in Tower Limited
1,346,726 shares in Sanford Limited

I note H&G Ltd 80.06% holder of Rural Equities hold 14.6% of SVR Savor .
The Cushings are very successful investors.
Yet TWR,SAN and SAV seem odd choices to me.

[Sideshow Bob]

Cushings trying to get more.....

https://www.usx.co.nz/uploads/paperc...pdf?1662669416

Although last trade and any on offer are higher than $6.35, albeit very small volumes.

[GTM 3442]

Cushings trying to get more.....

https://www.usx.co.nz/uploads/paperc...pdf?1662669416

Although last trade and any on offer are higher than $6.35, albeit very small volumes.

Out of idle curiosity, why haven't the Cushings taken it private?

I used to be a shareholder years ago, but gave it away when it became apparent that it was turning into a family business.