Sharechat Logo

Wynyard Group and subsidiary placed into liquidation

Thursday 9th February 2017

Text too small?

Creditors have placed failed crime-fighting software company Wynyard Group into liquidation, the company announced today. 

KordaMentha partners Grant Graham and Neale Jackson, who were running the voluntary administration, of Wynyard have been appointed liquidators of the company and subsidiary Wynyard (NZ) Limited. The liquidators will provide further reports to creditors as required under the Companies Act and noted the act prohibits any transfer of shares in Wynyard without the approval of the court.

Christchurch-based Wynyard went into voluntary administration in October last year after failing to secure emergency funds to keep it going from UK lender Skipton Building Society.

It listed on the NZX in 2013, with investors paying $1.15 a share. The stock closed as high as $3.12 in March 2014 but shares were worth just 21.5 cents when the company eventually went under.

BusinessDesk.co.nz

  General Finance Advertising    

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.

Related News:

Nimbys, carparks and the status quo under threat as govt tells big cities: grow up and out
FIRST CUT: Fletcher's annual operating earnings meet guidance
FIRST CUT: A2 Milk reports another hefty lift in revenue, net profit
FIRST CUT: Spark lifts annual profit 12% as cost-cutting drive pays off
21st August 2019 Morning Report
NZ dollar range-bound; dairy auction provides support
Dairy product price index dips for sixth time in seven auctions
MARKET CLOSE: NZ shares rise; Napier Port has promising debut
Stuff pulls pin, ending big media companies' joint ad-buying business
NZ dollar rises on mild improvement in sentiment

IRG See IRG research reports