Wagners hits record share price on ASX ahead of AGM
SHARES in Toowoomba's Wagners Holding Company have reached record prices since the business floated on the Australian Stock Exchange last year.
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SHARES in Toowoomba's Wagners Holding Company hit a record high on the Australian Stock Exchange today.
Prices in the construction materials company, which floated on the ASX last year, closed yesterday at $4.60, beating the previous mark set on Friday of $4.57. Shortly before the close of business on the ASX today, they were trading at $4.74.
Wagners now has a market capitalisation of more than $750 million.
The positive news comes a few weeks out from the company's scheduled annual general meeting in Toowoomba on November 1.
The agenda for the meeting will discuss the company's annual report and consider the appointment of new non-executive directors Lynda O'Grady and Peter Crowley.
Ms O'Grady is a current director of Domino's Pizza Enterprises and Mr Crowley is on the board of the Wesley Medical Research.
A small pocket of shareholders (representing .0127 per cent of the company) will also recommend Wagners amend its company constitution to include a sub-clause that "the business of the company is managed in a manner consistent with the objective of of holding global warming to below two degrees celsius above pre-industrial levels".
The board has recommended against the motion, citing the ambiguity of the wording and how it could create conflict among directors in how it should be imposed.
The AGM takes place at the Annex at City on Ruthven St from 10.30am.
Originally published as Wagners hits record share price on ASX ahead of AGM
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