Premier Investments
Premier Investments confirms that it acquired yesterday an additional 41.1 million shares in Myer at $0.40 per share, giving it an overall effective stake of 15.77%.
Mr Solomon Lew, Premier Investments Chairman, said:
“We remain bitterly disappointed by Myer’s performance which continues to be disastrous for Myer’s many shareholders, employees, suppliers and customers.
“It’s now been more than eight months since then Myer Chairman, Garry Hounsell abruptly resigned on the morning of Myer’s 2020 AGM sighting lack of key shareholder support for his re-election. On that day, Myer announced that Ms JoAnne Stephenson had been appointed Acting Chairman of Myer while a global search would be undertaken to find a replacement Chairman.
Australian high-street retailer Myer s top investor raises stake, calls for overhaul reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Where s Solly? Lew s gone quiet on Myer, but he s not gone away smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.