NPT shareholders greenlight sale of management contract to Augusta

Mon, 19 Mar 2018

By Rebecca Howard March 19 (BusinessDesk) NPT shareholders voted in favour of Augusta Capital buying the real estate investor's management contract for $4.5 million at a special meeting today in Auckland. Of the votes cast, 97 percent were in favour of the resolution to approve the externalisation proposal. The transaction was conditional on achieving a minimum of 50 percent of votes cast. "We are pleased that shareholders voted in support of the board’s recommendation to externalise management, which we believe is in the best interest...

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