Shareholders to vote on Marsden Maritime acquisition

Marsden Maritime Holdings has released a scheme booklet and notice of meeting for shareholders to vote on the proposed acquisition of all fully paid ordinary MMH shares, except those held by the Northland Regional Council.

The acquisition is being pursued by a consortium comprising the Northland Regional Council, Port of Tauranga, and Ngāpuhi Investment Fund.

The hybrid special meeting for shareholders will be held on May 29, 2025.

The MMH board has unanimously supported the scheme and recommended that shareholders vote in favour.

The scheme price of $5.60 per share is above the midpoint of the independent adviser's range of $5.06 to $5.83 per share.

If the scheme is approved and all conditions are met, shareholders would receive the payment and MMH would be delisted from the NZX.