PGW questions dissident shareholder's nominees' credentials

(Image: Supplied)

Tue, 20 Feb 2024

PGG Wrightson’s reconstituted board is challenging the bona fides of the three new directors nominated by major shareholder Agria, insisting on “full disclosure of their credentials”.Former chair Alan Lai is seeking to return to that role and is promoting two alternative New Zealand-based directors to replace existing PGG Wrightson (PGW) board members.Agria holds 44.3% of PGW, having been forced in 2018 to divest from a controlling to a minority shareholding after the Overseas Investment Office (OIO) took legal action aga...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Primary Sector

‘Good value’ for Fonterra farmer shareholders

Independent report supports Fonterra Mainland sale to Lactalis, warns on China.

Garth Bray 10:15am

The Quiz Free

QuiznessDesk, Monday, Sept 29

Can you get them all correct without cheating?

The Quizmaster 9:15am

Primary Sector

Synlait to sell North Island assets to Abbott in $307m deal

Shareholders will vote at AGM in November.

Rebecca Howard 9:00am

Synlait to sell North Island assets to Abbott in $307m deal

Sponsored

AI agents: opportunity or graveyard? Spark’s five-point playbook for success

Artificial intelligence agents – autonomous digital entities that analyse data, automate decisions, and act independently – are set to drive a new wave of business transformation.

Spark Enterprise

Sponsored

Future leaders start by Dreaming Big

How OnBeingBold empowers Year 13 girls at free leadership events.

OnBeingBold

More Markets

Primary Sector

‘Good value’ for Fonterra farmer shareholders

Independent report supports Fonterra Mainland sale to Lactalis, warns on China.

Garth Bray 10:15am

Markets

Auckland Airport aims to raise up to $300 million

Auckland International Airport wants to raise up to $300 million by issuing bonds.The airport said it was offering up to $150m of five-and-a-half-year fixed-rate retail bonds, with the ability to accept oversubscriptions of $50m. The airport was also considering making an offer o...

Staff reporters 10:00am