Agria pulls out of PGW board coup

(Image: Supplied)

Fri, 22 Mar 2024

PGG Wrightson’s largest shareholder has backed down from moving to dump most of its independent directors and reinstall its former chair.Last month, Agria, which has a 44% stake in the New Zealand stock exchange-listed ((NZX) rural services firm, requested a special meeting to have Alan Lai reinstalled as a director and ultimately chair and install its own three new NZ directors. That would have seen current chair Garry Moore and the two other PGG Wrightson (PGW) independent directors, Sarah Brown and Charlotte Severne, out...

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