Nuplex to halt share buyback in lead-up to board meetings

Mon, 22 Jun 2015

By Paul McBeth June 23 (BusinessDesk) - Nuplex Industries, the specialty chemicals maker, has decided to suspend its share buyback scheme in the lead-up to board meetings in another effort to ensure it doesn't unduly influence the share price. The Auckland-based company adopted a new procedure where it will "cease the buyback once board papers for upcoming board meetings have been distributed to directors, and until the conclusion of the board meeting," it said in a statement. For this month's board meeting, that means the scheme was susp...

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