Missing ingredient: What NZSA says Burger Fuel didn't tell shareholders

Missing ingredient: What NZSA says Burger Fuel didn't tell shareholders
Chief executive Josef Roberts is set to get almost $3m. (Image: NZME)
Rebecca Stevenson
Burger Fuel failed to tell shareholders how to protest a proposed $4 million capital return, the New Zealand Shareholders Association says. The fast-food company plans to pay out shareholders through a court-approved scheme of arrangement after a failed US venture with Subway left it with millions in excess cash. Major shareholder and group chief executive Josef Roberts is set to receive about $2.9m.   Burger Fuel founder Chris Mason opposes the scheme.   Finally, on Friday: NZSA The NZ Shareholders...

More Markets

NZ sharemarket down ahead of big US election
Markets Market close

NZ sharemarket down ahead of big US election

The S&P/NZX 50 Index closed at 12,648.07, down 46.77 points or 0.37%.

Graham Skellern 31 Oct 2024
CMC markets seeks NZX accreditation
Markets

CMC markets seeks NZX accreditation

The Australian firm with over a million retail investors wants to be listed here too.

Staff reporters 31 Oct 2024
Vista board unlikely to be spilt, says Craigs
Markets

Vista board unlikely to be spilt, says Craigs

The board of NZX, ASX listed cinema company Vista likely to remain despite calls contrary

SkyCity to put compliance ahead of profits
Markets

SkyCity to put compliance ahead of profits

Tough market conditions and regulatory issues still challenges, casino operator says. 

Dileepa Fonseka 31 Oct 2024