At Good Spirits Hospitality Limited's shareholder meeting, a majority of eligible shareholders passed a resolution approving a dividend of up to $600,000.
However, another resolution proposing to amend the company's constitution was not passed.
Despite this, the company intends to distribute the dividend, subject to certain conditions being met.
The record date for the dividend is intended to be 8 November 2023, but may be adjusted.
The company also received approval for delisting from the NZX Main Board, but will delay the delisting until all liabilities are discharged and the dividend is paid.
The exact timetable for delisting will depend on the completion of the Asset Sale and obtaining a Binding Ruling.
The delisting is expected to occur before 21 December 2023.
The company will provide at least 5 business days' notice of the exact delisting date.See more