Premier wants the Myer FY21 results released immediately
By Imogen Bailey | 3 August 2021
Premier Investments chairman Solomon Lew is calling on Myer to immediately update the market on its expected FY21 results, so prospective new board members have time to consider the opportunity before the annual general meeting (AGM).
According to Premier, it is in conversation with several highly-regarded and well-credentialed independent non-executive directors, but wants to allow them time to mull over the opportunity to join the Myer board with the retailer s FY21 results in hand.
To avoid calling an extraordinary general meeting (EGM) before the AGM to appoint the new board members – of which Premier expects will comprise of an independent chairman and two Premier nominees – Premier has written to Myer s acting chairman to request an appropriate window of opportunity after the release of the company’s results before calling this year’s AGM.
Premier s lawyers request Myer shareholder register
By Imogen Bailey | 9 July 2021
Premier Investments has instructed its lawyers to immediately request a copy of the Myer shareholder register ahead of calling an Extraordinary General Meeting.
The move follows days of public conflict between the department store and its largest shareholder - which has vehemently called for the remaining three non-executive directors of the Myer board to resign. In Premier’s view, Myer’s three remaining non-executive directors should for once put its shareholders first and resign immediately, Premier said in a statement. Any other action would be futile, and costly for Myer shareholders who have endured enough.
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.
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.
Myer responds to Solomon Lew, looks forward to constructive dialogue
By Imogen Bailey | 8 July 2021
Following Premier Investments increased investment in the department store, acting chairman JoAnne Stephenson has offered the firm Board representation. Acknowledging that Premier Investments has increased its holding in the Company to greater than 15% and the significance of this change, I have reached out to Mr Lew and look forward to constructive dialogue, Stephenson said in a statement. We will also be reaching out to other major shareholders. The Board is open to discussing appropriate Board representation of Premier Investments through nomination to the Myer Board, she said.