----- Original Message -----
Sent: Tuesday, July 30, 2002 10:44
AM
Subject: [sharechat] Sheppard
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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