WasteCo Shareholders Approve Auditor Re-appointment and Equity Issuance
What happened
Shareholders voted on several resolutions at the WasteCo shareholder meeting on September 22, 2026. The resolutions passed included the re-appointment of Deloitte as the company's auditor and the authorization of its remuneration. Directors were also given authority to issue up to 165 million new ordinary shares to selected investors based on the trading volume weighted average price (VWAP).
From sharechat.co.nz
Why it matters
The resolutions also authorized the issuance of up to 20 million unlisted options to employees and contractors. Notably, the option issuance explicitly excluded Simon Herbert and Sean Joyce due to existing takeover code restrictions. The company also ratified a $10 million PIF Funding Facility between WasteCo and PFNZ Limited.
From sharechat.co.nz
Who's involved
- DeloitteAppointed and paid auditor for the company
- Simon HerbertExcluded from the new issuance of equity options
- Sean JoyceExcluded from the new issuance of equity options
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The entities involved
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Deloitte
multinational professional services network founded in 1845