G3 Group's major shareholders likely to sell down when restriction lifts in November

Wed, 01 Jun 2016

By Jonathan Underhill June 1 (BusinessDesk) - The biggest shareholders in G3 Group are likely to sell some of their holdings when restrictions lift in November putting the NXT-listed mail operations and document manager back in compliance with listing rules if it hasn't raised more capital by then. NZX Regulation yesterday granted G3 a waiver from the NXT market rule that a company must have at least 50 shareholders deemed to be members of the public holding at least 25 percent in total of the stock on issue. The waiver is for six months...

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