Chorus to cover brokerage for small shareholders wanting to sell

Tue, 15 Mar 2016

By Paul McBeth March 16 (BusinessDesk) - Chorus will cover brokerage fees for small shareholders wanting to sell their parcels in a scheme that could whittle down the regulated telecommunications network operator's register by a sixth. The Wellington-based company intends to set up a facility where it will sell parcels of 100 shares or less on behalf of those shareholders, covering their brokerage fee, it said in a statement. About 5,000 of Chorus's 30,000 shareholders own small parcels, which are worth at most $1.98 million, or about 0....

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