Aug 14 (Reuters) - Ardent Leisure Group (AAD) :
- Recommends securityholders vote against all of the Ariadne resolutions
- Does not believe that Ariadne's nominees will work co-operatively and alongside current board and senior management to oversee execution of co's strategic plan
- At least two of the current ardent australian non-executive directors retiring no later than the 2018 agm
- Board cohesion is essential to enable ardent's management team to deliver earnings and security price growth
- Ardent board has reservations regarding Ariadne's agenda and that the presence of its nominees on the board may bring undue influence
- Appoints of Randy Garfield as independent non-executive director
- Board's view is that the letters sent by Ariadne (the Ariadne communications) contain statements that are "misleading"
- Post dreamworld incident in 2016, board & management enacted a recovery plan which is expected to take up to two years
Aug 14 (Reuters) - Ardent Leisure Group (AAD) : Recommends...
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