Jim Grenon acquires more NZME shares

Jim Grenon acquires more NZME shares
(Image: NZME)
Staff reporters
NZME director Jim Grenon has acquired another one million NZME shares, according to a new NZX notice, and is moving closer to becoming the company’s biggest shareholder.The businessman now holds 34,694,802 shares of the media business, which owns the NZ Herald, representing a stake of just under 18.5%.He acquired the latest parcel of one million shares for a total $1.1m on Wednesday, according to an NZX notice on Thursday.The moves further cement Grenon’s position as a substantial shareholder of NZME, sitting just behind t...