News: UPDATE 1-Australia's Premier Investments to oppose new Myer chairman

(Adds background, comments from chairman of Premier Investments, share movement)

Oct 24 (Reuters) - Premier Investments Ltd (PMV) sharply criticised Myer Holdings Ltd (MYR) on Tuesday and said it would vote against the appointment of Garry Hounsell as Myer chairman, after its request for seats on the department store's board was rejected.

The Australian retailer, Myer's largest shareholder with a 10.77 percent stake, also said it had no intention of making a takeover offer for the company, having fuelled speculation last month by requesting a list of its owners.

Premier's billionaire chairman, Solomon Lew, met Myer's chairman-elect earlier this month seeking two seats on its board, but the request was rejected, the company said.

Lew said he has been trying to engage with the Myer board about his concerns over its operations since May, but was told the board could not meet him until November.

"This shows how out of touch the directors are – that the chairman of the largest shareholder in the company should have to wait six months to speak to the board is simply arrogant," Lew stated.

Shares of Myer Holdings were 0.3 percent lower at 2345 GMT against a relatively flat benchmark index (xjo), while Premier Investments was trading 1 percent higher.