By Nicholas Bryant
Friday 20th October 2000 |
Text too small? |
Sir Selwyn Cushing |
Ross Keenan |
The $1.2 million company, expected to be listed on the Stock Exchange's New Capital Market (NCM) in the next two weeks, aims to expand the Telecom repair and maintenance business of Takanini firm Cabletalk.
It will also acquire several similar operations including McBreen Jenkins and Astute Networks.
Mr Keenan will be chairman and Sir Selwyn a director with Cabletalk founder Ross Watton and existing Cabletalk shareholders and directors Dean Stuart, John Armstrong and Peter Wilson also involved.
Mr Wilson was general manager for marketing at Ansett New Zealand.
As an NCM listing, the company's directors will invest 50% of the capital with the other half available to the public after listing as 50c shares.
Craig and Co of Tauranga is the organising broker with the prospectus expected to be signed off by the companies office and the Stock Exchange next week.
The NCM system encourages investors to back a person or identity behind a listing rather than a company but until now there have been few well-known corporate figures involved.
One big advantage of an NCM listing is there is less disclosure required than to float on the main board.
No comments yet
NZAS Sign Long Term Contracts
Amended - IFT230 Maturity and Exchange for IFT350
Synlait forecast milk price update
Chorus submits 2023 fibre regulatory report
Infratil Infrastructure Bond Exchange Offer opens
May 31st Morning Report
NZAS and Mercury sign long-term agreement, creating opportunity for future investment in renewables
Meridian and NZAS sign long term contracts
ArborGen Holdings Results for Year Ended 31 March 2024
BAI - Full unaudited results to 31 March 2024