Wednesday, 07 December 2016
NPT Limited Ordinary Shares
RE: IMPORTANT INFORMATION REGARDING THE FUTURE OF NPT AND YOUR INVESTMENT
This letter is a follow up to recent NZX market announcements regarding the
future of NPT Limited. The Board of Directors and the management of NPT want
to ensure that all shareholders are kept well informed.
In the event that you may have missed any of these announcements, a summary
of recent events follows - further information is also availa more»
Market Announcement from NPT: Board restates commitment to February
shareholder meeting - legal proceedings "unfortunate distraction"
NPT advises that the High Court has scheduled a hearing date of February 10,
2017, to consider Augusta Capital''s application to require NPT to hold a
shareholder meeting as soon as reasonably possible.
The timing considerations make this action something of a nonsense, as the
Board has already made a com more»
MONDAY 28 NOVEMBER, 2016
The NPT Board (NZX:NPT) advises that Augusta Capital (NZX: AUG) has filed
proceedings in the High Court seeking orders requiring NPT to call the
meeting of its shareholders requested by Augusta.
NPT has already notified the market that in January it will be calling a
meeting to be held in February 2017 to consider, among other matters, the
Augusta resolutions and proposal, and will advise the Court to this effec more»
Correction of reporting period from 9 months to 6 months.
End CA:00293054 For:NPT Type:HALFYR Time:2016-11-22 09:38:19 more»
NPT Limited Releases - 2017 Interim Result
NZX-listed property company NPT Limited today announced a trading profit of
$3.390 million for the six months to 30 September 2016, a 2.26% increase on
the same period in 2015. Gross rental income decreased by 0.47% from $8.466
million in September 2015 to $8.426 million in September 2016.
Net profit after tax to 30 September 2016 was $2.531 million, down 50.13%
from $5.076 million in the same more»
The Board of NPT met again last Friday to discuss the special meeting of
shareholders that is to be called to consider the resolutions proposed by
Augusta Capital Limited ("Augusta") to remove certain directors. The Board
of NPT has confirmed its commitment to holding that meeting and allowing
shareholders to determine the future direction of the Company.
Augusta is proposing that shareholders replace three of the existing Board
NPT advises that the Chief Financial Officer, Stephen Reid, is no longer
employed by NPT.
To ensure there is continuity in this position Jim Sherwin, the Chair of the
Audit and Risk Committee, has agreed to step into the role of CFO on a part
time basis pending the appointment of a new person into this role.
End CA:00292401 For:NPT Type:OFFICE Time:2016-11-10 08:30:50 more»
Further to the announcement on October 28th, the Board of NPT wishes to
provide an update on progress since receiving the request from Augusta
Capital ("Augusta") to call a special meeting of shareholders.
Firstly, the Board is seeking guidance from the NZX in regards to some
aspects of the Augusta request to call a special meeting of shareholders.
NPT intends to provide a further update on that matter and on the timing of
the special mee more»
The Board of NPT met yesterday to consider a number of proposals for the
Subsequently, the Board has today received a proposal from Augusta Capital
and also a notice under Section 121 of The Companies Act requesting a special
meeting of shareholders.
The proposal and the notice are attached to this announcement and available
on the NZX website.
The Board of NPT will be responding to the notice and proposal once it has
Please see attached SSH notice for Augusta Capital Limited.
End CA:00290087 For:NPT Type:SSH Time:2016-09-30 12:57:22 more»