Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Seafood producer and distributor New Zealand Coastal Seafoods NZS) has appointed Nathan Maxwell-McGinn as a new non-executive director
  • Nathan is Co-Founder and Marketing Manager of JSJ Seafood and sits as chair of the Seafood Trade Advisory Group
  • It is hoped Nathan’s industry contacts within the global seafood industry will be a winning ticket for NZS
  • New Zealand Coastal investors seem to have responded favourably to the announcement, with NZS shares closing the session up 16.7 per cent at 2.8 cents each

Seafood producer and distributor New Zealand Coastal Seafoods (NZS) has appointed Nathan Maxwell-McGinn as a new non-executive director.

Nathan is Co-Founder and Marketing Manager of JSJ Seafood, which exports over $50 million worth of Australian and international seafood to the Asian market every year.

He also sits as the chair of the Seafood Trade Advisory Group, which works to
develop key government relationships in Canberra, to provide advice on free
trade agreements and trade and market access issues.

NZS flagged JSJ Seafood’s continued growth since launching in 2016 as a point of note regarding the appointment, with NZS affirming it demonstrates the new board member’s ability to achieve financial growth and strategic milestones.

It’s hoped Nathan’s industry contacts within the global seafood industry will be a winning ticket for NZS.

Subject Nathan’s continued service, the NZS board says it will also seek approval from shareholders at its 2021 AGM to grant 2,500,000 in options with a 3.5-cent exercise price to Nathan or his nominees.

New Zealand Coastal Seafoods Non-Executive Chairman, Winton Willesee, says he welcomes the new board member.

“Nathan’s extensive experience and contacts within the global seafood industry, and specifically in the export of high-value seafood into Asia will contribute significant strategic value to the NZCS business,” he commented.

Newly appointed New Zealand Coastal Non-Executive Director, Nathan Maxwell-McGinn also expressed his excitement to join the board.

“I’m very excited to join the board of NZCS and I look forward to playing my role in the Company’s growth and international expansion strategies,” he added.

New Zealand Coastal investors seem to have responded favourably to the announcement, with NZS shares closing the session up 16.7 per cent at 2.8 cents each.

More From The Market Herald
The Market Herald Video

" BlueBet (ASX:BBT) secures market access in fourth US state, Indiana

BlueBet (ASX:BBT) expands its presence in the US with a new agreement with Caesars Entertainment to…
The Market Herald Video

" BetMakers (ASX:BET) launches buy-back for 10 per cent of shares

BetMakers (ASX:BET) has announced plans to conduct an on-market share buy-back of up to 10 per…

" Corporate Travel Management’s (ASX:CTD) acquisition of Helloworld (ASX: HLO) not opposed by ACCC

Corporate Travel Management's (ASX:CTD) acquisition of Helloworld Travel (ASX:HLO) will not be opposed by the ACCC.
The Market Herald Video

" Mad Paws (ASX:MPA) let off the leash on the ASX

Mad Paws (ASX:MPA) shares have commenced trading on the ASX today after the company raised $12…