Adamson forfeits interest in $8 mln of shares after being dumped as CEO of Fletcher

Jonathan Underhill
Thu, 20 Jul 2017

By Jonathan Underhill July 21 (BusinessDesk) - Mark Adamson has forfeited $8 million in Fletcher Building shares after being dumped as chief executive at New Zealand's largest construction and building materials company and losing his entitlement to its incentive scheme. Adamson had a beneficial interest in 1.06 million shares before losing his entitlement, an NZX disclosure notice shows. He also forfeited an interest in 1 million options to buy shares. In announcing Adamson's exit yesterday, chairman Ralph Norris said he would receive "h...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation
The FMA is running out of patience
Dan Brunskill | Thu, 24 Sep 2020

Financial services firms that keep failing compliance tests can expect to end up in court, says the FMA boss, Rob Everett.

Law & Regulation
Misconduct complaint upheld against quake claims lawyer
Victoria Young | Thu, 24 Sep 2020

However, Grant Shand says it's a win. 

Policy
Govt's pumped hydro scheme 'disturbing, dreamland' project - Mercury
Gavin Evans | Thu, 24 Sep 2020

The government’s pursuit of a $4 billion-plus pumped hydro scheme in Central Otago is a “disturbing blast from the past,” Mercury director warns.

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.