Nrma Acts On Mail-out Mistake
Illawarra Mercury
Friday May 25, 2001
NRMA Insurance Group Ltd (NIGL) is seeking compensation from a major mailing house after thousands of investors failed to receive documents on its $400 million share buyback.
An NIGL spokeswoman said it was not yet known exactly how many investors had missed out on receiving the documents, which a mailing house contracted by the insurer's share registry, ASX Perpetual Registrars Ltd, was in charge of sending out.
NIGL began writing to people affected by the mailing mistake this week informing them that those who had wished to sell their shares in the buyback would be compensated.
``Our view is, and what we have said to shareholders is, that we will not be footing the bill but we will make sure they are compensated," the NIGL spokeswoman said.
© 2001 Illawarra Mercury