Australian coalminer Bathurst Resources’ shareholders have almost unanimously approved the company’s corporate shuffle across the Tasman.
At a meeting today in Perth, its registered city of origin, Bathurst got the nod from its mostly Australian owners to create a New Zealand incorporated company.
Of the 99 per cent of shareholders represented, 96 per cent were in favour.
Shares in Bathurst Resources will be moved to the new Bathurst Resources (New Zealand), and the old company will be delisted.
Bathurst Resources (NZ) will be listed on the NZX and ASX, and an Australian office – a requirement for an Australian-based listed company – will be closed after the change.