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Shareholders threaten NZX board shake-up

Tuesday 26th of February 2019

Mike Daniel, and shareholders representing 11.3% of NZX-issued capital, wrote to NZX chairman James Miller, asking the board and management to immediately reduce the cost base of the whole organisation.

Daniel, an investor and former Northland Port Corporation chairman, told Millar there seemed to be reluctance to accept that NZX faced little or no growth in revenue, while dealing with...

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