Nikko AM defends Pushpay board as shareholders call for their scalps

Nikko AM defends Pushpay board as shareholders call for their scalps
Pushpay chair Graham Shaw addressing a meeting alongside director Lorraine Witten (left). Shareholder Stuart Williams (right) sits in the front row. (Image: BusinessDesk)
Dan Brunskill
Pushpay chair Graham Shaw greeted shareholders like old friends as they trickled into a small room on the thirtieth floor of the PwC tower to vote down his takeover offer.There were already enough proxy votes cast to block a $1.5 billion scheme of arrangement, which would have resulted in BGH Capital and Sixth Street taking the company private at $1.34 per share. But still, some 30 or so shareholders showed up in person to cast final votes and grill the board over its support of the doomed deal. Nikko Asset Management’s Stuart W...

More Markets

NZX falls as $1b Ebos stake sold
Markets Market Close

NZX falls as $1b Ebos stake sold

Sybos Holdings sold about 27m shares (13.2%) in Ebos Group at $35.50 a share.

Ebos’ largest shareholder selling $949m worth of stock
Markets

Ebos’ largest shareholder selling $949m worth of stock

Sybos is selling $949 million worth of Ebos shares at an 8.80% discount.