The company expects to channel the funds into reverting the company's estate on Kangaroo Island from forestry to agriculture.
Kiland owns 25,000 hectares of prime agricultural land on Kangaroo Island, which it is reverting from forestry to agriculture.
This decision follows the company being advised that its application to develop an export seaport facility on the island has been declined by the South Australian Government.
The appointment of the new non-executive directors James Davis and Mitch Taylor follows the resignation of Graham Holdaway in May 2020 and John Sergeant in May 2021.
At the close of the offer period on June 18, 2021, STAM had acceptances for 1,100,532 shares, equivalent to 1.95% of the shareholding of the company, taking its total holding...
SA Minister for Innovation and Skills David Pisoni mentioned the company’s commitment to employment diversity, worker support structures, safety systems and training regime.
The company says the new offer is still considerably short of the appropriate value of its land assets on Kangaroo Island.
This month KPT welcomed the Federal Budget announcement of $32 million of road funding for Kangaroo Island as the final piece of the puzzle to clear the way for approval of its...
Last week, KPT welcomed the announcement in the Federal Budget of $32 million of road funding for Kangaroo Island as the final piece of the puzzle to clear the way for approval...
The resignation follows the takeover bid for the company announced by Samuel Terry Asset Management on Monday.