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New Zealand Coastal Seafoods Limited ( (AU:NZS) ) has provided an update.
Shareholders of New Zealand Coastal Seafoods Limited have strongly backed all resolutions at the 18 December 2025 meeting, including the adoption of the remuneration report, the election of director Melinda Orrock and approval of a placement and additional issuance capacity under Listing Rule 7.1A. Investors also approved the company’s name change and a series of share issues, both in lieu of cash payments to key individuals and on conversion of multiple tranches of convertible notes to various investors, effectively endorsing the company’s capital management strategy and providing flexibility to strengthen its balance sheet while conserving cash. The wide margins in favour across all resolutions underline solid shareholder support for the board and management’s plans, which may enhance the company’s funding options and positioning as it pursues its growth and operational objectives in the seafood industry.
More about New Zealand Coastal Seafoods Limited
New Zealand Coastal Seafoods Limited is an ASX-listed company operating in the seafood sector. It focuses on harvesting, processing and supplying marine products, with its activities tied to coastal seafood resources and related value-added offerings for domestic and export markets.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.33M
For an in-depth examination of NZS stock, go to TipRanks’ Overview page.