Original article by Eli Greenblat
The Australian – Page: 15 : 2-Feb-22

Premier Investments has advised that it recently paid more than $15m for more than 33 million additional shares in department store group Myer Holdings. Premier now has a 19.88 per stake in Myer, which is just below the takeover threshold. Premier has spent some $132m to progressively lift its stake in Myer over the last five years. The latest share purchase may give Premier’s chairman Solomon Lew sufficient leverage to secure his long-sought representation on Myer’s board.

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR, PREMIER INVESTMENTS LIMITED – ASX PMV