From 'SMH' tonight - should be in this and 'The Age' on Friday 1 October 2021:
The article also claims that WAM reducing its stake may make it easier for Solomon Lew, who is expected to call a general meeting after the MYR AGM):
"...Before this sell-off, WAM was a 7.8 per cent shareholder in Myer, and this move will see the fund’s stake fall to around 4.5 per cent, dropping it below the 5 per cent ‘substantial’ shareholder threshold.
Oscar Oberg, a fund manager at WAM, told this masthead the move was nothing more than profit-taking, with the fund making a number of recent purchases when the company was trading down at around 20 and 40 cents a share.
“Myer has had its ups and downs since we first bought in around June 2018,” Mr Oberg said.
“This is no different to any other investment we have in the portfolio, retail is a volatile sector and who knows what’s going to happen when we all open up.”
“We think the management team is doing a fantastic job, and nothing’s changed there. If the share price goes down to 40 cents again, I’ll probably buy it all back.”
Myer has been in the crosshair of some of its investors in recent months, most notably majority shareholder and retail billionaire Solomon Lew who is agitating for significant change on the company’s board..."
(20min delay)