3 stories mentioning ASX:SHVUpdated 35d ago
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Select Harvests (ASX:SHV) appointed Kristina Hermanson as chief executive, effective Aug. 3, according to a Monday filing with the Australian bourse.Hermanson most recently worked at Nuveen Natural Capital, per the filing.Hermanson will succeed David Surveyor as CEO, who will step down on July 31, the filing added.
Select Harvests (ASX:SHV) reported Thursday fiscal first-half underlying earnings of AU$0.205 per share, up from AU$0.153 a year earlier.Revenue for the six months ending March 31 was about AU$59 million, down from AU$104.5 million a year earlier, which the company attributed to a lower carryover crop and the impact of a late 2026 harvest due to wet weather.Select Harvests is launching an on-market share repurchase program for up to 10% of its issued capital over a 12-month period.Additionally, the company declared a fully franked interim dividend of AU$0.035 per share, payable July 15 to shareholders of record as of June 18.
Rivco Australia (ASX:RIV) signed a five-year water lease agreement valued at around AU$11.7 million with Kyndalyn Park, a wholly owned subsidiary of Select Harvests (ASX:SHV), strengthening its long-term water access arrangements, according to a Wednesday filing with the Australian bourse.The agreement covers a mix of water entitlement zones and is scheduled to start on July 1, per the filing.The company expects this long-term agreement to expand its lease portfolio and strengthen its contracted revenue base, with about 82% of its portfolio by value leased from July 1, following execution of the deal, the filing added.Rivco Australia's shares gained about 2% in recent Wednesday trade, while Select Harvests' shares added 1%.
