NZME Ltd. ( (NZMEF) ) has provided an announcement.
NZME Limited has received a proposal from James Grenon and JTG 4 Limited to replace its current board of directors with four new nominees, with Grenon himself being one of the proposed directors. This proposal, which has garnered support from shareholders holding approximately 37% of NZME’s shares, will be voted on at the upcoming Annual Shareholders’ Meeting on April 29, 2025. Additionally, Osmium Partners, LLC has submitted separate nominations for two new directors. The details of these resolutions and nominations will be included in the Notice of Meeting.
More about NZME Ltd.
NZME Limited operates in the media industry, providing a range of services including publishing, radio broadcasting, and digital media. The company is focused on delivering news, entertainment, and information to audiences across New Zealand through its various platforms.
YTD Price Performance: 0.42%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $122.1M
For an in-depth examination of NZMEF stock, go to TipRanks’ Stock Analysis page.