‘I am very much onside’: NZME’s wannabe chair wants swift resolution of share purchase probe

Businessman Jim Grenon says NZME has underperformed. (Graphic: NZME)

Wed, 09 Apr 2025

An Auckland businessman seeking to roll the NZME board asked regulators to expedite a hearing on his share purchases to quell shareholder nerves and gain support for his bid. Private equity founder Jim Grenon has acquired a 9.97% stake in NZME and wants to topple the board, and shareholders to vote him on as chair and support three candidates he is proposing. He needs a simple 50% majority of votes cast.On April 4 the Takeovers Panel announced it would probe some of Grenon’s share purchases and whether they breached the Takeover...

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