Postie Plus's board has had no communication with Jan Cameron, founder of Kathmandu retail chain, who has taken an 8.6 per cent stake in the clothing company.
Cameron cashed up her highly successful Kathmandu retail chain last year for a reported price of $275 million.
Cameron taking a stake has left shareholders wondering if this is a signal she may have a takeover bid in mind. Postie shares were thinly traded on Friday, closing steady at 80 cents, below their 2003 100c issue price. She is New Zealand's richest woman, according to the National Business Review Rich List, worth $300m. Postie Plus chairman Peter van Rij said: "We have had no communication with Jan Cameron." Van Rij said if the company had it would probably have to disclose that to the New Zealand Exchange.
Cameron was probably the single largest shareholder now because the Dellaca family, which founded the company in Westport, had sold some shares to her.
Asked if the board was expecting Cameron to call, van Rij said: "Perhaps the answer is no because if she was she probably would have spoken to us by now. "She may talk to us but she hasn't talked to us. Maybe it's just a passive investment that she's making," he said. Richard Dellaca said he believed Cameron had bought about 1.1 million shares from family members. The purchases were done through a broker.
Postie Plus has 40 million shares on issue meaning the market capitalisation is $32m.
