Scoop has an Ethical Paywall
Peter Maire Takes Cadmus Stake
26 August 2004
Peter Maire Takes Cadmus Stake
Navman founder, Peter Maire, has been revealed as “the man behind the stand,” picking up 18.4 percent of Cadmus Technology Limited (NZX: CTL) since Tuesday 24 August.
ABN AMRO Craigs had received instruction from Tahia Investments, in which Mr Maire is the main shareholder, to purchase up to 19.9 percent of Cadmus at $0.12 per share. Tahia instructed ABN Amro to withdraw from the market at 5:00 pm on Wednesday 25 August, with Tahia accumulating 18.4 percent of Cadmus. There were no conditions associated with the bid.
Commenting on the background to his bid, Peter Maire said, “I have been looking for a technology company with global potential and one where my skills and experience can really add value. Cadmus is one of those genuinely good New Zealand companies that produces world class payment solutions. They are ready to scale into international markets and I think I can help them with that.”
Cadmus Chairman Keith Phillips said, “Peter’s involvement in Cadmus is both welcome and timely. His engineering and manufacturing experience will be invaluable as we expand. And his knowledge of the international market place will lead to some immediate pay offs. We are delighted to have him as a cornerstone shareholder.”
ENDS
Worldline: Boxing Day Spending Up On Last Year, But Pre-Christmas Spending Is Slightly Down
Skoltech: Scientists Reinvent Physical Laws Governing Formation Of Snowflakes, Raindrops, And Saturn’s Rings
Trademe: Trash To Treasure - Kiwi Make The Most Of Unwanted Christmas Gifts 
Financial Markets Authority: FMA Seeks Clarity From High Court On Use Of Eligible Investor Certificates In Wholesale Investment Sector
Scion: Scion’s Novel Internship Model Connects Talent With Industry
Financial Markets Authority: Westpac Admits To Misleading Representations That Resulted In $6.35m In Overcharges
