Opposition to Burger Fuel's $4m payout extinguished

Opposition to Burger Fuel's $4m payout extinguished
Burger Fuel raised millions for a US deal that didn't go ahead. (Image: NZME)
Rebecca Stevenson
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...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
Forsyth Barr initiates full Turners coverage
Markets

Forsyth Barr initiates full Turners coverage

Forsyth Barr says a premium valuation is now warranted. 

Rebecca Howard 26 Jul 2024