News

Advisers should speak up for investor unfairness

Wednesday 20th of September 2017

The NZ Shareholders Association took issue with the placement last week, which diluted existing shareholdings and led to a stock-price fall.

NZ Shareholders Association chief executive Michael Midgley said it was unfair for the company to have used that method of capital raising, which he said should be only for emergencies, when a rights issue could have been completed in a month.

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