A few interesting questions posed by Garry in his letter of...

A few interesting questions posed by Garry in his letter of yesterday .

"Mr Lew is asking you to vote against an important takeover protection resolution when he’s putting up the same protection at Premier’s own AGM next month. Why is it good enough for Premier but not good enough for you?"

"To suggest that Myer should allow Premier onto its Board is as absurd as suggesting that if Coles owned shares in Woolworths, Coles nominees should be allowed into the Woolworths boardroom – how can the significant risks of such an idea be justified in any way?"

Mr Lew’s public campaign of hostility is devoid of a superior strategic plan for Myer. Mr Lew and Premier’s apparent plan is to take effective control of the Board and the Company without paying for it. His plans otherwise appear self-interested, partially revealed or secret. His hostility, disruption and criticism appear intended to drive the share price down. This may be in Premier and Mr Lew’s broader interests, but it is in our view against the interests of Myer shareholders.