MHM Automation

MHM Automation, now with four New Zealand manufacturing plants, has grown to become an international leader in the design and manufacture of innovative technology solutions and the fabrication of stainless steel products.

Following the restructuring in 2015, MHM Automation seeks to generate long-term shareholder value by focusing on its portfolio of food processing and packaging IP which are sold globally while continuing to drive efficiencies in its core fabrication business. In addition, MHM Automation is seeking to commercialise the S-Clave technology and get it into market within a compressed timeframe.

The company was listed on NZX since 1959 under the name of Broadway Industries Limited. In November 2009 it changed name to Mercer Group Limited (MGL). In September 2020 it changed name once more to MHM Automation Limited (MHM).

Company Details

Registered Office: 53 Lunns Road, Middleton, Christchurch 8024

Postal Address: 142 Neilson Street, Onehunga, Auckland 1061

Telephone: +64-3-595-2209

Facsimile: +6498369779

Website: http://www.mercers.co.nz/

First Listed: 01/10/1959

Balance Date: 30 June

AGM: 08/11/2023

Directors and Executives

Andrew Barclay

Director

Trevor Burt

Chairman

Ian McGregor

Chief Financial Officer

George Rolleston

Non-Executive Director

Richard Rookes

Director

Paul Smart

Independent Director

Announcements

Title	Date	Type
Implementation of scheme of arrangement	Wed, Mar 06 2024 10:28 am	TRANSACT
Capital Change Notice	Tue, Feb 27 2024 11:03 am	SECISSUE
Ongoing Disclosure Notice	Tue, Feb 27 2024 11:02 am	SHINTR
Scheme of arrangement - Final court approval received	Wed, Feb 21 2024 12:44 pm	TRANSACT
MHM Automation Limited (“MHM”) – Intention to Delist	Tue, Feb 20 2024 03:10 pm	MEMO
Scheme of arrangement - Receipt of No Objections	Mon, Feb 12 2024 02:28 pm	TRANSACT
Notice of Conversion of Financial Products	Wed, Feb 07 2024 03:45 pm	SECISSUE
Results for Special Shareholder Meeting for the Scheme	Fri, Jan 26 2024 12:37 pm	MEETING
Special Shareholders Meeting regarding the Scheme	Fri, Jan 26 2024 11:04 am	MEETING
MHM granted waiver from NZX Listing Rule 3.5.1	Fri, Jan 12 2024 11:41 am	TRANSACT

Major Holdings Announcements

Date	Name	No. Held	%	Current
03/11/23	Bettcher Industries, Inc. (Bettcher	39,888,490	-	47.60
11/09/23	Andrew John Ritchie & Mark Sain Mar	5,000,000	-	5.62
01/09/23	Asset Management Limited	18,362,990	51.70	20.60
01/05/23	John Anthony Dell	4,028,864	6.07	4.53
01/05/23	Jajar Investments Limited	20,400,000	-	22.91
03/04/23	HJD Rolleston	18,362,990	51.70	27.70
12/09/18	BNP Paribas Nominees (NZ) Limited a	3,071,348	6.15	4.76
07/12/17	Alison Mercer Limited	3,750,000	6.19	6.19
07/12/17	Philip John Alison	3,750,000	6.19	6.19

Director’s Interests Announcements

Date	Name	No. Held	%	Details	Other
08/06/23	Colin Ashley Neal	3,300,410	-	-	-
06/04/23	George Rolleston	12,046	-	-	-
25/10/22	Richard Rookes	2,500,861	-	-	-
25/10/22	Ian McGregor	1,125,500	-	-	-
02/06/21	Trevor Burt	700,000	-	-	-
07/09/20	Paul Smart	347,846	-	-	-
14/12/18	John Dennehy	599,000	-	-	-

Analysts’ Forecasts

	profit2021	profit2022	eps2021	dps2021	sales2021	ebit2021	ebitda2021
mean	6.9	7.7	.8	148.2	12.1	17.2
high	6.9	7.7	.8	148.2	12.1	17.2
low	6.9	7.7	.8	148.2	12.1	17.2
sample	1	0	1	1	1	1	1

Disclaimer

Data on this page is from BusinessDesk and NZX Ltd for information purposes only. Details are believed to be accurate but no warranty is given as to accuracy, timeliness, reliability or completeness. No person should rely on the contents of the report and all persons should obtain independent professional advice before acting on any information connected with or contained in this report.

Last Updated: 12/04/2023