Tomlinson becomes Heartland's biggest shareholder after PGC sell-down

Mon, 09 Jul 2012

By Paul McBeth July 09 (BusinessDesk) - South Island businessman Greg Tomlinson has become the biggest shareholder in would-be bank Heartland New Zealand after Pyne Gould Corp sold down its holding last week. Harrogate Trustee and Tomlinson increased their stake in Heartland to 8.8 percent after buying 4.2 million shares for a total $2.1 million between April 10 and July 6, according to a substantial shareholder notice. That means, after Pyne Gould's sell-down last week to 7.8 percent, Tomlinson is now the lender's biggest investor. Pyne G...

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