PPCS seeks more time

PPCS has succeeded in attracting just over 6.6 million shares of the total nine million it needs for control of Richmond.

The most recent extension on the $3.11 offer ends on April 20. Based on the current level of acceptances PPCS would have 68.6% of Richmond's capital but a forfeiture order by the High Court would reduce this to 34% of the voting securities.

The court move yesterday was the latest in a five-year battle for control of Richmond, which has been stoutly resisted by farmer shareholders implacably opposed to PPCS.

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:

ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report
July 1st Morning Report
June 27th Morning Report
SDL - FY2026 Earnings Guidance
PaySauce Director resigns for US-based role with NZTE
General Capital Releases 2025 Annual Report
June 26th Morning Report