Pyne Gould will delist in November after minorities back shift to Guernsey

Wed, 31 Oct 2018

By Paul McBeth Oct. 31 (BusinessDesk) - Pyne Gould Corp will leave the NZX next month after minority investors backed a shift to The International Stock Exchange (TISE) in Guernsey, where the firm is domiciled. Interests associated with managing director George Kerr hold about 80 percent of the firm and weren't allowed to vote at today's special meeting. That left the decision to investors holding about 10.8 percent of the stock. Of the votes cast, 77 percent were in favour of leaving NZX and 79 percent supported listing in Guernsey if t...

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