Paviour-Smith says NZX forecasts for grain exchange were 'not unrealistic'

Fri, 06 May 2016

By Sophie Boot May 6 (BusinessDesk) - NZX director and Forsyth Barr managing director Neil Paviour-Smith rejected Ralec's claims in the High Court that earnout targets which would have netted the former owners of the Clear Grain Exchange A$7 million were unrealistic. Witness evidence began on the fifth day of the scheduled nine-week court action in which NZX and Ralec, the grain exchange's previous owner, are suing one another for up to A$37.6 million and A$14 million plus bonuses respectively. Paviour-Smith, who was appointed an NZX...

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