Messerschmidt buy
PA Wellington Cashcorp Holdings will buy the orcharding, deer farming, and property development interests of Mr Richard Messerschmidt, of Taupo. Under the agreement, which is conditional upon debenture holder approval, Cashcorp will issue 12M ordinary 50c shares to Mr Messerschmidt.
Mr Messerschmidt has been appointed managing director and chief executive officer of Cashcorp. Messrs Noel Lough and Frank Graham have resigned as directors. Shareholder approval to issue the additional shares was given at the company’s annual meeting on November 12.
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Bibliographic details
Press, 22 January 1988, Page 22
Word Count
82Messerschmidt buy Press, 22 January 1988, Page 22
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