‘Enormously damaging’: Hounsell strikes back at Lew

Original article by Sue Mitchell
The Australian Financial Review – Page: 13 & 21 : 31-Oct-17

Gary Hounsell has urged Myer shareholders to elect him and two other independent directors to its board at its AGM on 24 November. The election of Hounsell, who is Myer’s chairman-designate, and the other two directors is opposed by Solomon Lew’s Premier Investments, which is Myer’s largest shareholder. Lew has requested three seats on the Myer board, but Hounsell says this would amount to him controlling 43 per cent of non-executive director roles. Hounsell has told Myer shareholders that Lew appears to want to gain control of the company without them benefiting from any takeover premium.

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR, PREMIER INVESTMENTS LIMITED – ASX PMV, DOTTI, PORTMANS PTY LTD, PETER ALEXANDER SLEEPWEAR PTY LTD, WOOLWORTHS LIMITED – ASX WOW, JUST JEANS PTY LTD, JAY JAY’S JEANS WAREHOUSE PTY LTD, JACQUELINE EVE GROUP, SMIGGLE PTY LTD

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