Marsden Maritime scheme advances with NRC support

Marsden Maritime Holdings (NZX: MMH) announced that its proposed scheme of arrangement to be acquired by a consortium including Port of Tauranga, Northland Regional Council (NRC), and Ngāpuhi Investment Fund Limited, has reached a key milestone with NRC's support. This support follows community consultation undertaken by NRC. Subject to remaining conditions, including High Court and shareholder approval, the scheme is expected to be implemented in June 2025. The shareholder meeting is tentatively scheduled for 29 May 2025, contingent on receipt of initial court orders anticipated to commence the week of 28 April 2025. This arrangement would see the Consortium acquire all of MMH's shares not already held by NRC.