Solomon Lew corrals Myer shareholders in fresh bid to depose board
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Billionaire rag trader Solomon Lew has announced he will call Myer shareholders in for an extraordinary general meeting in an effort to force the resignation of the retailer three remaining non-executive directors.
Mr Lew’s investment company Premier Investments announced on Friday it had instructed its lawyers, Arnold Bloch Leibler, to request a copy of Myer’s shareholder register with a view to contact the company’s investors and garner support ahead of calling a meeting of shareholders.
Myer (ASX:MYR) share price jumps 7% as investor calls its lawyers fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
Premier declines Myer Board offer and doubles down on calls for entire Board to resign
By Imogen Bailey | 8 July 2021 Premier has nothing to gain from spending time with the members of the current Myer Board, the business said in a statement. The failure to appoint a permanent Chairman or any additional non-executive Directors seems to indicate that no credible company director would accept an offer to work with the current Myer Board. The only thing Premier will accept from the current Myer Board is the resignation of its three remaining non-executive directors, the business said. In March 2017, Premier Investments became Myer s largest shareholder, Premier added.
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Premier Investments is one of the leading retailers in the ASX 200. It operates through a number of different brands including Smiggle, Peter Alexander, Just Jeans, Jay Jays, Portmans and Dotti. It also has sizeable holdings of
Myer Holdings Ltd(ASX: MYR). Premier recently increased its holding to more than 15% of Myer.
Premier shoots down Myer Board offer and doubles down on calls for entire Board to resign
By Imogen Bailey | 8 July 2021 Premier has nothing to gain from spending time with the members of the current Myer Board, the business said in a statement. The failure to appoint a permanent Chairman or any additional non-executive Directors seems to indicate that no credible company director would accept an offer to work with the current Myer Board. The only thing Premier will accept from the current Myer Board is the resignation of its three remaining non-executive directors, the business said. In March 2017, Premier Investments became Myer s largest shareholder, Premier added.