A2's Babidge sitting on 730% return after settling partly-paid shares worth $4.98 mln

Mon, 27 Jul 2015

By Paul McBeth July 28 (BusinessDesk) - A2 Milk Co managing director Geoff Babidge is sitting on a 730 percent capital gain after settling the outstanding amount due on 6 million partly-paid shares he received five years ago. Babidge received board approval on July 24 to pay up the remaining $594,000 owing on the partly-paid shares that were issued at a price of 10 cents per share in August 2010 as part of his long-term incentive package. At A2's current trading, those shares are worth $4.98 million. Babidge had until Aug. 25 to pay the b...
Infrastructure
Tui field inspection planned next month
Gavin Evans | Thu, 16 Jul 2020

The government wants to complete an undersea inspection of the Tui oil field next month as it prepares for decommissioning of the facility. The Ministry of Business, Innovation and Employment is se...

Policy
Work visa changes cuts both ways
Brent Melville | Thu, 16 Jul 2020

Changes to work visas focused on getting more Kiwis into jobs are a double-edged sword, hindering recruitment while making it more difficult for business and industry to hang onto skilled, productive...

Election 2020
ELECTION 2020: Nikki Kaye quits politics, Adams to follow?
Pattrick Smellie | Thu, 16 Jul 2020

Todd Muller's brief leadership of the National Party has claimed another victim, his deputy Nikki Kaye, who will retire from politics at the Sept. 19 election.