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New Zealand Energy ( (TSE:NZ) ) has provided an update.
New Zealand Energy Corp. reported that shareholders at its annual general and special meeting approved all management-backed resolutions, reinforcing the company’s existing governance and capital structure. Investors confirmed a five-member board of directors, reappointed Crowe MacKay LLP as auditor with the board authorized to set its remuneration, and renewed the rolling stock option plan allowing issuance of up to 10% of outstanding shares, collectively supporting continuity in oversight and providing flexibility for incentivizing management and employees as the company advances its New Zealand oil, gas and gas-storage projects.
More about New Zealand Energy
New Zealand Energy Corp. is a publicly listed energy company focused on developing oil, gas and gas-storage opportunities in New Zealand. The company holds interests in multiple heritage assets and development-stage projects, including the Tariki Gas Storage Project in Taranaki, and owns a 50% stake in the Waihapa production station, enabling rapid tie-in of near-term production and direct sales to market.
Average Trading Volume: 49,208
Technical Sentiment Signal: Sell
Current Market Cap: C$8.06M
See more insights into NZ stock on TipRanks’ Stock Analysis page.