Steel & Tube provides the attached Capital Change Notice for the redemption and cancellation of 25,000 partly paid ordinary shares for no consideration. These partly paid shares were originally issued in 2000 pursuant to the 1993 Executive Employee Share Scheme.
Private equity is back in the hunt for NZ firms after a sluggish start to 2025.
Metroglass shares were down after it announced its recapitalisation plan.
An independent report said Metroglass was left with “no viable alternatives”.
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