Published 11 June 2006
Sharebroker Brett Wilkinson’s new company, Wilkinson & White Ltd, starts out as 71% shareholder in 2 shells listed on the NZAX on Friday.
The new listings are Vistron Ltd & Holly Spring Investments Ltd, both with Jim Bracknell, David Stubbs & Jock Irvine as directors. Both companies were public but unlisted, with 1700 shareholders.
Mr Bracknell said the directors planned to use them as vehicles for friendly reverse takeovers of other companies wanting to list on the NZAX: “This is an excellent way for investors to get some value for their holdings. Both the shells are clean and will be attractive to any parties looking to list on the NZAX market.”
Mr Wilkinson & his wife created Wilkinson & White in March to focus on smaller corporate business such as raising equity capital and assisting companies to list on the NZX & NZAX. Mr Wilkinson was previously a senior investor advisor at Direct Broking Ltd, but broke out of the mould in January 2005 when he spent $30,000 propping up the collapsed listed franchise manager RetailX Ltd, which gave him 19.31% of the company. In due course he guided it to new ownership as Plus SMS Holdings Ltd.
Plus SMS is chaired by Mr Bracknell, with Mr Irvine also a director. Mr Bracknell was a director of Newcall Group Ltd, which went through a reverse takeover to become Blue Chip NZ Ltd in June 2004. Mr Irvine chairs Blue Chip and Mr Bracknell remains a director.
Mr Irvine is also a director of Bendon Ltd, Calan Healthcare Properties Ltd, Luxury Lodges Ltd, and PRG Properties Ltd & various related companies.
Mr Stubbs is a director of Conekt Ltd, Global Funds Transfer Group Ltd & Pacific Funds Transfer Group Ltd, Invicta Financial Services Ltd, Manabars Technologies Ltd, NCL Finance Ltd, Pacific Communications Group Ltd, Phone Users Group Ltd, Skytelecom (NZ) Ltd, South Auckland Fone Co Ltd, Tranzact Ltd & Watchdog Corp Ltd.
Attribution: Company statements, story written by Bob Dey for this website.