Pyne Gould Corp Ltd made 2 propositions yesterday to rein in a company which manages one of its English assets. Meanwhile Van Eyk Research Pty Ltd, an Australian company which Pyne Gould exited in February, went into voluntary administration on Monday over a separate asset management issue.
Pyne Gould Corp Ltd (PGC) made $20.1 million (9.5c/share) net profit after tax for the June year, down 55%, as it continued its journey from the New Zealand sharemarket towards a London listing.
Pyne Gould Corp Ltd has completed the sale of Perpetual Trust Ltd and now has no significant operating assets left in New Zealand.
NZX-listed Pyne Gould Corp Ltd’s shareholders gave overwhelming support today for the company’s migration to Guernsey as a prelude to seeking a listing on one of the registered markets operated by the London Stock Exchange.
Pyne Gould Corp Ltd said yesterday it would propose to shareholders that the company seek a listing with the London Stock Exchange in the first half of 2014.
Pyne Gould Corp Ltd has reached a conditional agreement for the sale of Perpetual Portfolio Management Ltd, together with Perpetual Asset Management Ltd & Perpetual Trust Ltd. It’s also reached a conditional agreement for the sale of its shareholding in Australian financial research & management firm van Eyk Research Pty Ltd. Under the agreements, Perpetual […]