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Thursday 21 October 2021

SeaDragon retreats from $1k minimum shareholding condition

14th October 2021 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

Omega fish oils refiner SeaDragon says it will no longer try to sell the stock of shareholders holding less than $1,000 worth of shares.

The company said last month that it would give notice to shareholders holding less than $1000 worth of shares that they had three months to increase their holding to $1000 or greater, “failing which SeaDragon may arrange for the sale of their shares”. Around 2800 shareholders out of about 3300 would be affected.

However, SeaDragon said on Wednesday that “after further consideration, the board has resolved not to give any such notice at this stage”.

 

 


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