Wynyard shareholders to vote on lifting share issue cap in two weeks

Tue, 02 Feb 2016

By Paul McBeth Feb. 3 (BusinessDesk) - Wynyard Group shareholders will vote on granting the board more freedom to issue shares in two weeks, after a downturn in global markets took the sheen off its existing plans to raise capital. The Auckland-based company will hold a special general meeting where it will ask shareholders to ratify a placement in June last year, according to its notice of meeting. The resolution will effectively let the board sell about 24.7 million shares without a $2 price floor that was put in place by a resolution...

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