Opposition to Burger Fuel's $4m payout extinguished

Burger Fuel raised millions for a US deal that didn't go ahead. (Image: NZME)

Tue, 28 May 2024

Burger Fuel will pay out more than $4 million to shareholders, with the high court approving its capital return. The company had asked for approval to give shareholders the millions it had raised for a partnership with Subway in the US, which had not eventuated. The plan was opposed by brand founder and minority shareholder Chris Mason through his family trust. Mason had claimed shareholders had not received enough information from Burger Fuel about the proposal, that the capital return wasn’t in the business or shareh...

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