'The Australian' reports online (Wednesday 21 July 2021):
"Department store Myer has handed over its share register to lawyers acting for billionaire Solomon Lew’s Premier Investments, firing the starter’s pistol on what could prove a bruising and public brawl as Mr Lew rallies fellow Myer shareholders to eject its directors and appoint his own hand-picked nominees.
With the share register now in the hands of Premier Investments’ law firm, the influential Arnold Bloch Leibler, it can begin directly communicating with and lobbying the hundreds of thousands of Myer investors it will need to vote to tip out the board.
Mr Lew’s Premier Investments, which owns brands such as Portmans, Just Jeans, Peter Alexander and Smiggle, first requested the share register from Myer on July 9. Corporate regulations require a share register to be handed over within seven days of a formal request..."
MYR Price at posting:
47.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)