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  1. #1211
    Member
    Join Date
    Jun 2011
    Posts
    43

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    At the Special Meeting of Shareholders held on 31 October 2018, PGC received overwhelming support to delist from NZX and to list on The International Stock Exchange (“TISE”) in Guernsey, where the company is domiciled.Listing on TISE is not expected to have any detrimental impact on the tradability of PGC shares.The final day of trading on the NZX will be Friday,16 November 2018 prior to being suspended at close of business. PGC will be delisted and its ordinary shares will cease to be quoted from close of business on Tuesday 20 November 2018.In accordance with the previously circulated Notice of Meeting, shareholders have a number of options for both before and after the delisting on the NZX and subsequent listing on TISE:
    1. 1. Shareholders can sell their shares on the NZX prior to delisting.


    1. 2. Shareholders can move their shares to the Guernsey register to be held in a certificated manner or deposited in your account with your broker/participant in CREST.


    1. 3. Shareholders can do nothing in which case the New Zealand Share Register is closed and shares are automatically transferred to a Sub-Register. PGC has appointed Link Market Services Limited to provide the register services. Shareholders that wish to sell their share or move their shares at a later date, will be able to do so on this website to complete the sale or transfer instruction.


    Can someone please explain to me option 3? ive never been in this situation before and not sure if i should sell on the nzx(for a loss) or continue to hold and be able to sell somewhere???

    Help! :-)

  2. #1212
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    21,480

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    https://www.nbr.co.nz/story/bnz-calls-kerr-collateral

    Pyne Holdings Ltd (holding company of PGC) in receivership.

  3. #1213
    Member
    Join Date
    Jul 2001
    Location
    auckland, , New Zealand.
    Posts
    48

    Default

    Any opinions on the Buyback? 25 cents seems low but best offer for many years.

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