W. Horton drops clause
PA Auckland Shareholders of Wilson and Horton have agreed to remove from the company’s articles a clause which had allowed directors to refuse to register share transfers. The clause was adopted in June, 1987, when Mr Robert Holmes a Court's Bell Group acquired a 10.3 per cent stake in the company. It had been inserted when Wilson and Horton feared its bid for a television warrant could have been adversely affected by increased foreign ownership. Bell Group subsequently quit the stake in Wilson and Horton, but Mr Holmes a Court’s family interests and recent buying have given him a 5.72 per cent stake in the company. Wilson and Horton’s managing director, Mr Michael Horton, said he had not heard from Mr Holmes a Court. Nor did he have any knowledge of further share buying in the company.
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Press, 28 July 1989, Page 14
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141W. Horton drops clause Press, 28 July 1989, Page 14
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