MYR myer holdings limited

This is part of what 'The Oz' will say in print on Friday 3...

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    This is part of what 'The Oz' will say in print on Friday 3 September 2021, not that it adds a lot to what many retail holders will have guessed:

    "The spectacle of a public corporate brawl between the board of department store owner Myer and its biggest shareholder, billionaire Solomon Lew, is now more likely than ever after Mr Lew’s Premier Investments did not send in nominations for the Myer board before the deadline of 5pm Thursday.

    It sets Myer directors led by acting chairman JoAnne Stephenson and Mr Lew’s army of advisers and lawyers on a collision course at Myer’s annual general meeting in November and most probably an extraordinary general meeting (held possibly within days of the AGM), at which control of the board will be up for grabs.

    Mr Lew is yet to unveil his own nominees for the Myer board, but tasted early victory last year when he successfully pushed for Myer chairman Garry Hounsell to be ejected from the board. Myer is yet to secure a new chairman, and has been led by a deputy chair since November.


    For shareholders it is likely to provide another entertaining pitched battle between the Myer board and Mr Lew at the AGM slated for November 4, albeit most probably online rather than at the Myer Mural Hall in Melbourne..."

 
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Last
60.5¢
Change
0.005(0.83%)
Mkt cap ! $1.045B
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60.5¢ 61.5¢ 59.5¢ $6.987M 11.63M

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