ICM's Duncan Saville seeks spot on NZOG board

Mon, 29 Sep 2014

By Paul McBeth Sept. 30 (BusinessDesk) - Duncan Saville, whose ICM unit manages ASX-listed Zeta Resources, is seeking a seat on the board of New Zealand Oil & Gas, and has the blessing of the oil explorer's current directors. NZOG shareholders will vote on whether to add Saville to the board on Nov. 4 at their annual meeting in Wellington, according to the firm's notice of meeting. Zeta is the biggest shareholder of NZOG with a 16.6 percent stake, and ICM is also the investment adviser to Bermuda Commercial Bank which owns a 1.7 percent i...

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