PAG primeag australia limited
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News: PrimeAg board safe for now

  1. FNN News
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    05/08/11
    09:07
    Post #: 8776432
    .

    The dumping of the PrimeAg Australia Limited (ASX:PAG) board has been put on hold, for now. 



    Australian Food & Fibre chairman David Robinson has delayed the push, according to a report by the Australian Financial Review.



    AFF has a 10.3 per cent stake in PrimeAg. Mr Robinson is also encouraging retail shareholders to take up their entitlements in its controversial $125 million raising.



    AFF relinquished a request to hold a shareholder meeting to vote out the board and have Mr Robinson manage the company.



    In the half year to December 31, 2010, PrimeAg reported a net loss of $5 million.

    PAG Price at posting: $1.13 Sentiment: None Disclosure: Held
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