An update from NZME ( (NZMEF) ) is now available.
The Takeovers Panel, an independent Crown entity in New Zealand, ensures fair participation in control change transactions in the capital markets by enforcing the Takeovers Code. Recently, the Panel reviewed a case involving Mr. James Grenon and his acquisition of NZME shares, determining that there was no breach of the Code. The Panel concluded that Mr. Grenon was an associate of Caniwi Capital Partners Limited but not of Spheria Asset Management Pty Limited, and thus did not exceed the 20% voting rights threshold in NZME.
More about NZME
Average Trading Volume: 133,721
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$183.9M
See more insights into NZMEF stock on TipRanks’ Stock Analysis page.