AMP fights back as agitator investor ranks swell


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Its shares were trading at $5.47 earlier this year before the group’s bruising royal commission appearance.


“Calling an EGM [extraordinary general meeting] requires 5 per cent shareholder support which is low threshold and, based on investor disdain for this transaction, would not be hard to achieve,” Mr Carlisle said. Any resolution put forward at the meeting would need 50 per cent of voting shareholders to approve the deal.


“In their infinite wisdom the directors have decided not to take the decision to vote and handed away $2 billion, possibly more, in shareholder value,” he said describing the deal as “inept”.


Justin Braitling, the chief investment manager at fellow AMP shareholder Watermark Funds Management, said he supported a shareholder meeting on the deal.


Article source: https://hollywoodlife.com/2018/10/16/this-is-us-jack-volunteers-war-brother-season-3-episode-4-recap/

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