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

Reseller News Innovation Awards 2019: meet the winners

Reseller News Innovation Awards 2019: meet the winners

Reseller News honoured the standout players of the New Zealand channel in front of more than 480 technology leaders in Auckland on 23 October, recognising the achievements of top partners, emerging entrants and innovative start-ups.

Reseller News Innovation Awards 2019: meet the winners
Malwarebytes shoots the breeze with channel, prospects

Malwarebytes shoots the breeze with channel, prospects

A Kumeu, Auckland, winery was the venue for a Malwarebytes event for partner and prospect MSPs - with some straight shooting on the side. The half-day getaway, which featured an archery competition, lunch and wine-tasting aimed at bringing Malwarebytes' local New Zealand and top and prospective MSP partners together to celebrate recent local successes, and discuss the current state of malware in New Zealand. This was also a unique opportunity for local MSPs to learn about how they can get the most out of Malwarebytes' MSP program and offering, as more Kiwi businesses are targeted by malware.

Malwarebytes shoots the breeze with channel, prospects
Show Comments