Business Services Industry
Reynolds resists outsider for board seat.
Australasian Business Intelligence, March, 2003
Mar 11, 2003 (The Australian Financial Review - ABIX via COMTEX)
Ailing Australian group, Reynolds Wines, is set for a boardroom contest. Rebel shareholder and former merchant banker, Greg Pynt, has nominated for a board seat, but the current directors are urging shareholders not to give him their vote. Reynolds chairman, Malcolm Irving, says the company is waiting for some of the uncertainty surrounding it to disappear, before it conducts a review of the board's performance. The Australian Taxation Office persists with a bid to wind up Reynolds' subsidiary, CH Finance, over an alleged debt of $A5.7 million.
Publication Date: 12 March 2003
REYNOLDS WINES LIMITED - ASX RYW:
AUSTRALIAN TAXATION OFFICE:
CH FINANCE PTY LTD:...
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