Zespri plans to carry out targeted share buyback, issue program

Tue, 11 Jul 2017

By Rebecca Howard July 11 (BusinessDesk) - Kiwifruit exporter Zespri plans a targeted share buyback and issue programme next year after the government approved changes to the kiwifruit export regulations. The changes, announced today, will come into effect on Aug 1 and will allow Zespri shareholders to consider setting rules around maximum shareholding and eligibility for dividend payments; clarify the activities Zespri can undertake as a matter of core business and enhance the independence and transparency of the independent industry reg...

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