
NZ Finance to buy Approved
For Approved’s existing four owners, managing director Dave Shatford who bought out co-founder Karl Baker in April last year, the other co-founder Lawrence Diack, and directors Michael Beal and Nick McCorkindale, the deal is essentially a share swap as NZFH will pay them by issuing nearly 2.7 million new shares at a nominal 45 cents each.
They a...