JENNY RUTH: Metlifecare seems to think a formal move to oust the chair isn't material

Thu, 09 Jul 2020

Metlifecare apparently doesn't think a letter from a 5.4 percent shareholder requisitioning a meeting to vote on unseating chair Kim Ellis is a material matter that it needed to disclose to the NZX. That requisition from Hong Kong-based Maso Capital Partners was sent on Friday, although BusinessDesk understands Metlifecare didn't open it until Monday. A covering letter apparently said Maso would withdraw its requisition if Metlifecare's directors re-engaged with Sweden's EQT to try to reach an amended takeover deal. Metlifecare directo...

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