NZX challenges Elevation to call special meeting

Sun, 07 Oct 2018

By Paul McBeth Oct. 8 (BusinessDesk) - NZX won't bow to Elevation Capital's attempt to wrest control of its board and says it will defend plans to reinvigorate its core markets business if the activist shareholder calls a special meeting. The stock market operator's board has rejected six demands from the shareholder, including the dumping of three directors for Elevation nominees Chris Swasbrook, Craig Stobo and Michael Daniels. "This is an outlandish position for a shareholder with approximately 2.3 percent of the company, and woul...

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