Chanticleer
Investors Mutual, Sandon Capital to target A2B chairman at AGM
Two of the biggest investors in A2B, formerly known as Cabcharge, will vote against the re-election of Paul Oneile as chairman.
A2B, formerly known as Cabcharge, is facing a shareholder revolt in which two of its biggest investors will vote against the re-election of chairman Paul Oneile at Thursday’s annual general meeting.
Activist fund manager Sandon Capital, which holds 5.8 per cent of the company, and Investors Mutual, which holds about 11 per cent, will vote against Oneile’s re-election, the company’s remuneration report and the award of performance rights to chief executive Andrew Skelton in protest at the company’s proposed new strategy and what they say is a lack of oversight, accountability and transparency at board level.
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