Menu
Fronde managers invest in company

Fronde managers invest in company

Fronde’s shareholders have approved an issue of up to 1 million new shares to four senior managers in the IT services company.

The shares are being issued at a price of $0.67 to CEO Ian Clarke and members of Fronde’s senior management team who the company was not prepared to name. The managers will pay cash for the shares.

The shares issued are ordinary shares and rank alongside other issued shares in all respects, the company told Computerworld this morning.

The issue will increase Fronde's shares on issue by 12.5 percent but will not result in any change in control of the company, Fronde says.

“The company directors are very supportive of management holdings in the company, both as a measure of belief and commitment and for the obvious alignment in business outcomes with shareholders’ expectations," says chairman Wayne Norrie.

Read more at Computerworld.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Fronde

Featured

Slideshows

Meet the leading female front runners of the Kiwi channel

Meet the leading female front runners of the Kiwi channel

Reseller News honoured the leading female front runners of the New Zealand channel at the 2018 Women in ICT Awards (WIICTA) in Auckland. The awards honoured standout individuals across seven categories, spanning Entrepreneur; Innovation; Rising Star; Shining Star; Community; Technical and Achievement.

Meet the leading female front runners of the Kiwi channel
Meet the top performing customer-centric Microsoft channel partners

Meet the top performing customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the top performing customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments