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Congratulations to our very own Leon Grandy, recipient of NZTE’s Pounamu award. This award recognises outstanding contribution to NZTE’s One Global Team initiative.

 

On 1 December 2016 a new exemption for ‘small’ unlisted Code companies came into force: Takeovers Code (Small Code Companies) Exemption Notice 2016.  The new small Code companies class exemption extends the scope of the original exemption to any person who increases their holding or control of voting rights in a small Code company, not only as a result of an allotment (which was covered in the original exemption), but also as a result of an acquisition of voting securities in the small Code company, or as a result of a buyback of voting securities carried out by the small Code company. The exemption allows the small Code company to opt out of full Code compliance for the transaction.

In response to the recent Takeovers Panel consultation paper, in respect of its proposal to change the small code companies class exemption, Armillary has made this submission.

Takeovers-Panel-Small-Code-Companies-Class-Exemption

Mark has wide-ranging experience in the New Zealand capital markets with a background in investment banking and corporate advisory. He has both led and been involved in a number of significant engagements including capital raisings, both public and private – debt and equity, and a range of acquisition, divestment, and merger transactions.

Prior to joining Armillary Private Capital, Mark was a Director of a boutique corporate advisory firm and prior to that Director, Investment Banking at Forsyth Barr where he was a key member of the investment banking team for over 10 years having a particular focus on property and diversified industrials. Mark holds a Bachelor of Commerce degree from The University of Auckland.

Geoff has over 20 years’ experience in finance and investment markets with a particular emphasis on corporate finance, equity capital markets and all aspects of M&A.  In that time he has managed numerous transactions spanning the full breadth of public and private markets.  Geoff has also gained practical corporate governance experience having served as a director on a number of listed and unlisted company boards as well as providing the company secretarial function to others.  At Armillary, Geoff has a particular focus on the Investment Banking and Advisory Services aspects of the firm’s business as well as being an on-contract Finance Director to NZX listed telco TeamTalk Limited.

Prior to joining Armillary Private Capital Geoff has worked at TeamTalk, Active Equities, Brierley Investments and National Mutual / AXA Funds Management.  Geoff holds a Bachelor of Commerce degree from Auckland University and is a provisional ACA member of the NZ Institute of Chartered Accountants.