✨ Corporate Financial Disclosures




26 SEPTEMBER

17.2 PARTIES ASSOCIATED WITH DIRECTORS

The company contracted with parties associated with certain directors of Marlborough Electric Ltd.

These transactions involve the provision of legal and consulting services.
All transactions were at commercial rates.

1997 1996
$ $
PJ Radich (Radich Dwyer Hardy-Jones Clark) 63,117 43,559
EA Hudson (E-Dec Ltd) - 118,126
SL Maier (Maier Inc) 3,750 -

18. EVENTS SUBSEQUENT TO BALANCE DATE

The directors resolved to merge the company's appliance trading operation with the appliance business of Southpower to form a new company, Powerstore Appliances Ltd.
This merger was effected on 19 May 1997, and the Company holds a 20% share in the new company.

NEW ZEALAND GAZETTE



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✨ LLM interpretation of page content

πŸ’° Related Parties Transactions (continued from previous page)

πŸ’° Finance & Revenue
Related Parties, Directors, Legal Services, Consulting Services, Commercial Rates
  • PJ Radich, Provided legal services
  • EA Hudson, Provided consulting services
  • SL Maier, Provided consulting services

🏭 Post-Balance Date Merger

🏭 Trade, Customs & Industry
Merger, Appliance Trading, Southpower, Powerstore Appliances Ltd