[11 January/ NZ Farmer]

The OIO has confirmed that it is investigating whether Agria, the 50.22% owner of PGG Wrightson, is off good character given its delisting by the New York Stock Exchange, the company’s public statements that it had received subpoenas from the US Securities and Exchange Commission and allegations made against the company and some of its Directors in related lawsuits.  The OIO noted that only person had failed the good character test, however a PGW spokesperson said that the Independent Directors of the company had considered the implications that the matters may have on PGW and would update shareholders if there were any material developments that might require consideration by shareholders.