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...

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