Fletcher Challenge Forests Calls Special Meeting

Published: Thu 22 Jan 2004 03:16 PM
Fletcher Challenge Forests Calls Special Meeting On Forests Sale
Auckland, 22 January 2003 – Fletcher Challenge Forests Limited will hold a special meeting of shareholders on Friday, 20 February, to consider a proposal to sell its forest assets to a consortium led by the Kiwi Forest Group and to return capital to its shareholders.
The company issued its notice of the special meeting today, with a mailing to shareholders that included resolutions to be considered, an explanatory memorandum that includes an assessment of the impact of the proposals on the continuing business of the company, and an independent appraisal of the proposed transactions by Grant Samuel & Associates.
The independent directors of the Company recommend the transaction to shareholders. The independent appraisal by Grant Samuel & Associates concludes that the transaction is in the best interests of Fletcher Challenge Forests’ shareholders.
The document is available on the Company’s website:

Next in Business, Science, and Tech

NAIT Levy Increases Must Achieve Accurate, User-friendly System
By: Federated Farmers
More Job Opportunities, But Growth In Workers’ Earnings Remains Subdued
By: Westpac
Card Spending Continues To Increase As COVID-19 Restrictions Ease
By: Statistics New Zealand
Job Market Ends 2021 On A High With Record Number Of Vacancies
By: Trade Me Jobs
September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M
By: Insurance Council of New Zealand
Building Consents Hit New Highs In November
By: Statistics New Zealand
View as: DESKTOP | MOBILE © Scoop Media