Peace breaking out in NZME board coup

Peace breaking out in NZME board coup
NZME chair-apparent Steven Joyce being interviewed in 2017 by the NZ Herald's Liam Dann (Image: NZME)
Peace appears close in the attempted board coup at news publisher NZME, with the largest single shareholder, Spheria Asset Management, backing the appointment of former National Party Cabinet Minister Steven Joyce as the company's new chair.With a 19% shareholding and having backed expatriate Canadian investor Jim Grenon's attempt to roll the entire current board, Spheria’s Matt Booker told BusinessDesk that Joyce “ticked all the boxes” for the role.Joyce, named on May 6 as the current NZME board’s preferred chai...

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.

Tom Raynel 29 May 2025
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.

John Anthony 29 May 2025