Why is nib focusing on small shareholders?
nib recognises that investors holding a small number of nib shares may find it difficult or expensive to either dispose of their nib shares or increase their nib shareholding to more than a marketable parcel of nib shares. And while nib welcomes the support of all its shareholders, nib has to bear certain administrative costs to maintain a shareholding irrespective of its size. This cost can be disproportionately high with a register the size of nib’s and compared with the dollar value of small holdings – nib has more than 270,000 shareholders and of these, over 70,000 were small shareholders as at 28 May 2009.
