Sharechat Logo

MPG - Metroglass announces Director resignation

Monday 24th July 2023

Text too small?

Metro Performance Glass Limited (“Metroglass”) announces that Mr Rhys Jones has tendered his resignation as Director of the Board, with immediate effect. Mr Jones has been an independent Director since 2018.


Chair Peter Griffiths said: “On behalf of the Board of Directors and management I would like to sincerely thank Rhys for his invaluable contribution and commitment to Metroglass. It is unfortunate that the board is losing Rhys’s knowledge and expertise at this time.”


In accordance with the Metroglass Board Charter and Code of Ethics, Mr Jones declared his interests shortly after he was appointed, including his role as Chief Executive Officer of Vulcan Steel Ltd. He is resigning now to avoid any perception of a conflict of interest as Takutai Limited is a substantial shareholder in both Vulcan Steel Ltd and Metroglass.


As is usual practice, the Metroglass board had established a sub committee for the purpose of managing the announced sale process of AGG. The committee has also led the board’s response to the recent unsolicited proposal from Takutai Limited and Masfen Securities Limited. Mr Jones has not been a member of that sub committee.


Recruitment for a replacement Director has begun, and further details will be announced in due course.


Peter Griffiths

Metro Performance Glass Chair


For further information, please contact:

Liam Hunt, Investor Relations

(+64) 022 010 4377


  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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:

New Zealand Government Bonds - through the pandemic and beyond
DOW - Refinance of Syndicated Sustainability Linked Loan facility
OCA - Appointment of Chief People Officer
CHI - Director changes at Channel Infrastructure
December 6th Morning Report
December 5th Morning Report
TWR - Tower announces strategic review
PFI - 11 Sheffield Street, Blenheim Divestment
December 4th Morning Report
Me Today - Notice of Annual Shareholder Meeting