Maybe they have a case for a consequential loss claim as well
Excuse my ignorance but that asset up for sale ($8m) is it surplus to requirements or just selling and leaseback to get funds in the bank?
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https://www.usx.co.nz/uploads/paperc...pdf?1693261525
We have some important news to share regarding changes to our board of directors.Damon Petrie has tendered his resignation from the board.
The Board thanks Damon for his contribution to the governance of PharmaZen Limited and wishes him all the best for the future.
I am pleased to announce the appointment of Vincent Pooch to our board of directors,effective 1 September 2023. Vincent is a very experienced director and the board is lookingforward to the contribution that Vincent will be able to make.For a more detailed overview of Vincent's qualifications and background, you can find hisbio attached to this announcement.
Vincent is a Professional Director and Consultant based in Christchurch. Qualified as aMechanical Engineer and Chartered Accountant, he founded his consulting practice in1992 after working in finance and banking.In the decades since then, he has worked with a diverse customer base spanning cementmanufacturing, quarrying, logistics and primary industries both in NZ and internationally.
He has significant and diverse board experience including at Port Otago, DynesTransport, Smith Cranes and manufacturer Patchell Industries.Vincent is a Chartered Fellow of the Institute of Directors in New Zealand and served ontheir National Council.He brings a strong financial focus, along with a particular interest in risk management,strategy and leadership development.
I am very disappointed to see Cibus's Damon Petrie resign.
Raises a very large question mark about Cibus's intentions.
Yes.
Citibank is Director Wayne Burt's.
Dalamore Trust is Chairman Ken Fergus.
Nimrod Trust is CEO Craig McIntosh family.
Total Number of Shares:254493482 Extensive Shareholding:Yes
Shareholders in Allocation:
Allocation 1:35092204 shares (13.79%)
M G Shepherd & L A Shepherd & Downie Stewart Trustee Limited (Maxwell Gilbert & Laraine Alice Shepherd Family)
43 Ridgecrest, Wanaka, Wanaka, 9305 , New Zealand
Allocation 2:35000000 shares (13.75%)
Cibus Oscar Limited
12 Phillimore Walk, London, W8 7RX , United Kingdom
Allocation 3:20536000 shares (8.07%)
Nimrod Trust
Unit 4, 414 Curraghs Road, Rd 6, West Melton, 7676 , New Zealand
Allocation 4:14500000 shares (5.70%)
BNP PARIBAS NOMINEES (NZ) LIMITED
Bell Gully, Level 22, Vero Centre, 48 Shortland Street, Auckland, 1010 , New Zealand
Allocation 5:14500000 shares (5.70%)
CITIBANK NOMINEES NEW ZEALAND LTD
6 Queens Avenue,, Villa Shambhala,, Vaucluse Nsw, 2030 , Australia
Allocation 6:11557312 shares (4.54%)
LEE PATERSON FAMILY TRUST COMPANY LIMITED
Van Aart Sycamore Lawyers, Level 1, 205 Princes Street, Dunedin, 9016 , New Zealand
Allocation 7:9010020 shares (3.54%)
Lee Joanne PATERSON
197 Mcgrath Road, Rd1 Waikouaiti 9471 , New Zealand
Peter Austin GOWING
157 Plantation Road, Wanaka , New Zealand
Richard Grant PATERSON
10 Upland Street, Dunedin 9010 , New Zealand
Allocation 8:8727602 shares (3.43%)
Leveraged Equities Finance Limited
157 Lambton Quay, Level 21, Wellington, 6140 , New Zealand
Allocation 9:8000000 shares (3.14%)
DALMORE TRUSTEES LIMITED
30 Kinleys Lane, Saint Albans, Christchurch, 8014 , New Zealand
Allocation 10:7480000 shares (2.94%)
Craig Lachlan MCINTOSH
4/414 Curraghs Road, West Melton, Christchurch, 7676 , New Zealand
Can't see you in the top 10 shareholders Percy?? :p