Wynyard shares halted on NZ stock exchange pending company announcement

Wynyard Group had its shares halted on the New Zealand stock exchange this morning pending an announcement by the software development company.

The company's shareholders are scheduled to vote at its annual meeting in Auckland tomorrow on a proposal to give the board more freedom to issue shares, which has been opposed by the New Zealand Shareholders Association.

Ahead of the meeting, NZSA chairman John Hawkins has said there was no clear information about how the company would protect existing investors and that his members faced an information "black hole", although chief executive Craig Richardson said the company is "carefully considering a number of options including those that John (Hawkins) has provided."

Wynyard's shares last traded at $1.54 and have shed 16 percent so far this year.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PFI - Q3 Div & Upgraded FY25 Div Guidance, FY26 Div Guidance
AIA - Auckland Airport announces leadership team change
May 9th Morning Report
May 8th Morning Report
NZME Takeovers Panel determination
MNW - Commerce Commission clears the Contact Energy acquisition
May 7th Morning Report
General Capital Appoints New CFO
SUM - Summerset Considers Retail Bond Offer
SKC - Updated FY25 Full Year Earnings Guidance