NPT Ltd has called a meeting for Monday 19 March for shareholders to vote on a proposal to externalise management to Augusta Capital Ltd subsidiary Augusta Funds Management Ltd. The NPT board unanimously supports the proposal.
Augusta said that if NPT shareholders approve the transactions, it would settle acquisition of the management rights on 26 March and assume responsibility for the management of NPT from that date.
NPT Ltd, special meeting on externalising management to Augusta Funds Management Ltd, Monday 19 March at 2pm, Link Market Services Ltd, Deloitte Centre, 80 Queen St
Link: NPT notice of meeting
9 February 2018: Augusta & NPT reach agreement on management, shareholder vote to seal it
Attribution: Company releases.