Dixon Advisory attempts appointment to Premium Investors board
Premium Investors shareholders have been asked to consider the removal of existing directors and the appointment of new directors associated with financial planning firm Dixon Advisory.
In addition, Premium Investors shareholders are being asked to amend the company’s constitution to allow shareholders to direct the board to wind up the company, or undertake a reduction of capital or a buy-back of shares.
The group’s statement to the Australian Securities Exchange referred in particular to a request for shareholders to consider the appointment of Alan Dixon, Alexander MacLachlan, Christopher Brown and Christopher Duffield, who are associated with and/or are employees of Dixon Advisory.
Premium Investors advised members that, if elected, the new directors would either wind up the company or undertake an equal access buy-back of up to 75 per cent of the company’s outstanding share capital at a discount.
The notice from Premium said the board would be meeting as soon as practicable to consider the meeting request, as well as other available options to arrive at the best result for shareholders.
The investment manager of Premium Investors is Treasury Group Investment Services, a subsidiary of the Treasury Group.
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