NZME shareholder Jim Grenon lifts investment in media firm

NZME shareholder Jim Grenon lifts investment in media firm
(Image: NZME)
Staff reporters
NZME shareholder and director Jim Grenon has lifted his investment in the media business for the second time in recent weeks, to just under 18%.A notice to the NZX on Monday stated Grenon had lifted his shareholding from 15.963% to 17.932%, after acquiring 3.7 million shares for $4.07 million.It follows a similar move in late August, when Grenon lifted his stake from 13.002% to 15.963% - at that stage, acquiring just over 5.64 million shares for $6.12m.The moves further cement Grenon’s position as a substantial shareholder of NZ...