Ebos' board, managers should hang their heads in shame: NZSA

Wed, 01 May 2019

By Jenny Ruth May 1 (BusinessDesk) - Ebos' board and managers should hang their heads in shame for cutting retail shareholders out of its discounted capital raising, which clearly wasn't urgent, says outgoing New Zealand Shareholders’ Association chair John Hawkins. The issue dilutes retail shareholders’ holdings and shows Ebos’ board and managers are “slow learners” for treating retailers so badly, Hawkins says. “The issue, which was discounted 8 percent below the market price, was a free gift to a few privileged larger organisations...

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