Forum Archive Index - July 2002

[nickk@quicksilver.net.nz]

At 2.5c per share maybe he does 'no' something? 

And, isn't that hide behind his hat? 


Nk 

David Pearce writes: 

> I WOULD SAY THAT IF SHEPPARD REALY NEW WHAT HE WAS ON ABOUT THAT HE WOULD NOT 
>HOLD BEHIND 
> HIS HAT 
> 
> ITC
> 30/07/2002
> GEN 
> 
> REL: 0825 HRS IT Capital Limited 
> 
> GEN: ITC: ITC Considering Options 
> 
> IT Capital has announced today that it will not be able to complete its
> proposed $3.7m capital raising by way of share placements approved at last
> week's annual general meeting. 
> 
> Although shareholders voted almost unanimously in favour of the proposed
> plans, a campaign run by the Chairman of the NZ Shareholders Association Mr
> Bruce Sheppard to derail the new strategy, has scared off a number of the
> investors who had committed to the placements. 
> 
> Amendments to the resolutions passed at the AGM may offer the company a
> possible way forward. Under the amended resolutions, shareholders have given
> the board the flexibility to issue fewer shares with a corresponding
> reduction in new capital. 
> 
> The board is currently reviewing its options and expects to make a further
> announcement within the next 5 days.
> End CA:00080747 For:ITC Type:GEN Time:2002-07-30:08:25:30 Encrypt:Y 
> 
> 
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> woodsidetpo@xtra.co.nz
> davidpearce@xtra.co.nz
> WOODSIDE DIMENSIONS TAUPO 
> 
 

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