Director Appointment
The Board of Directors of Scott Technology Ltd (“Scott”) is pleased to announce that John Berry of JBS Australia Pty Ltd, who is currently an Alternate Director, has now been appointed Director of Scott Technology Limited, effective 21 September 2022.
Director Independence Determination
In accordance with Listing Rule 2.6.1, Scott’s Board of Directors has determined that John Berry is not an “Independent Director”, as defined by NZX Listing Rule 2.6.1 as he represents [and is employed by] Scott’s substantial shareholder, JBS Australia Pty Limited.
ENDS
A ‘gold standard’ approach and siloed structure slow the ComCom down.
Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.
The S&P/NZX 50 Index closed down 0.05% or 6.5 points.
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