George Kerr to dilute stake in Pyne Gould share issue

Fri, 19 Sep 2014

By Paul McBeth Sept. 19 (BusinessDesk) - Pyne Gould Corp's managing director George Kerr will dilute his stake in the financial services firm if it goes ahead with a planned share issue, which will increase its stake in Equity Partners Infrastructure Co No 1, the so-called EPIC fund, which holds a minority stake in a UK motorway operator, Moto. The Guernsey-based firm wants to lift its stake in the EPIC, fund to 49 percent from 27 percent now, and plans to pay EPIC shareholders with Pyne Gould shares, it said in a statement. Pyne Gould m...

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