NZX-listed Pyne Gould Corp Ltd’s shareholders gave overwhelming support yesterday 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.
The votes in favour of 2 special resolutions exceeded 98%.
Chairman Bryan Mogridge said the company would seek a listing on the London Stock Exchange in the first half of 2014.
Pyne Gould proposed the move a month ago, when Mr Mogridge said the company had no material investments or assets remaining in New Zealand: “Its current significant investments (through the Torchlight Investment Group) are in businesses that operate in Australia & the UK.”
Attribution: Company release.