See attached a substantial product holder notice for Graeme Keith Jackson and his co-trustees of the Nikau Trust.
In summary, following allotments of part of the shortfall under CGF's rights issue effective 17 March 2022, the trustees of the Nikau Trust have as a consequence reclassified non-voting shares to voting shares so the trustees now hold a relevant interest in 155,157,394 quoted ordinary shares and 20,000,000 unquoted non-voting shares in CGF.
The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.
The CEO says Lyttelton Port does not generate sufficient returns on its capital base.
Falling market share and margins in the broadband market look entrenched.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details