Missing ingredient: What NZSA says Burger Fuel didn't tell shareholders

Chief executive Josef Roberts is set to get almost $3m. (Image: NZME)

Wed, 31 Jan 2024

Burger Fuel failed to tell shareholders how to protest a proposed $4 million capital return, the New Zealand Shareholders Association says. The fast-food company plans to pay out shareholders through a court-approved scheme of arrangement after a failed US venture with Subway left it with millions in excess cash. Major shareholder and group chief executive Josef Roberts is set to receive about $2.9m. Burger Fuel founder Chris Mason opposes the scheme. Finally, on Friday: NZSA The NZ Shareholders...

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