May
Karoon chairman preps for showdown with angry investors
An activist consortium led by Samuel Terry Asset Management intends to vote against five of the nine resolutions up for vote at the oil and gas producer’s AGM on May 23.
- Elouise Fowler
January
Former Oil Search boss Peter Botten appointed chair of Vast Renewables
The company, which was founded by Melbourne’s billionaire Kahlbetzer family, listed on the Nasdaq in December. It plans major projects in South Australia.
- Kylar Loussikian
September 2022
‘Dig deep, be brave’, AGL told on strategy
The Australian Shareholders’ Association’s call comes as Barrenjoey analysts warned next week’s strategy update by the embattled energy firm may “underwhelm”.
- Angela Macdonald-Smith
Grok demands ‘fresh thinking’ as AGL names chairman
Mike Cannon-Brookes’ firm signalled it may vote against the appointment of a chairman who was involved in the failed demerger and in the “chaotic” board renewal process.
- Updated
- Angela Macdonald-Smith
Peter Botten-chaired gas play Conrad preps IPO via Bells, Canaccord
AGL chairman Peter Botten is set to sit atop another, albeit much smaller, gas play Conrad Asia Energy as it stitches up an ASX listing via Bell Potter and Canaccord Genuity.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
June 2022
‘Complexity cannot be underestimated’: AGL
Outgoing AGL chairman Peter Botten has emphasised the complexity of the environment in which the embattled supplier is seeking to resolve its future direction.
- Angela Macdonald-Smith
May 2022
- Opinion
- Chanticleer
Cannon-Brookes is the new takeover king
The implosion of the governance structure at AGL Energy has opened the way for Mike Cannon-Brookes to control its future.
- Tony Boyd
Investors demand Paris alignment as AGL dumps split
Investors say a refreshed board was needed and are demanding a quicker exit from coal power to meet official climate targets.
- Updated
- Angela Macdonald-Smith
AGL in crisis as split set to be scrapped
The country’s largest electricity generator is set to scrap its proposed demerger after a relentless campaign by its largest shareholder, Mike Cannon-Brookes.
- Angela Macdonald-Smith and Anthony Macdonald
Grok to seek two board seats if AGL demerger vote fails
Mike Cannon-Brookes has told AGL chairman Peter Botten to start preparing for the potential collapse of the plan to split the business.
- Angela Macdonald-Smith
AGL demands correction from Cannon-Brookes
AGL’s chairman has formally written to Mike Cannon-Brookes asking him to correct a false statement and to cease making misleading assertions about the demerger.
- Angela Macdonald-Smith
Extremely underwhelmed: Snowcap on AGL demerger
UK-based investor Snowcap said AGL’s proposed demerger only serves the interests of AGL’s leadership and advisors, but the alternative is still under question.
- Angela Macdonald-Smith
AGL document almost ignores critical issues: Cannon-Brookes
Shareholders demanding climate action from AGL will find it ‘very hard’ to back the demerger vote, the tech billionaire warns.
- Angela Macdonald-Smith
AGL has five weeks to win shareholders over to its demerger
AGL chairman Peter Botten has urged shareholders not to be distracted by the fiction” and “arm waving” of those such as Mike Cannon-Brookes when they decide how to vote on the demerger
- Angela Macdonald-Smith
Investors query Cannon-Brookes’ plans for AGL
Shareholders are wondering what the billionaire’s longer-term intentions are amid warnings that AGL’s business would be destabilised if the demerger vote fails.
- Angela Macdonald-Smith
‘Refresh’: Cannon-Brookes is in AGL for the long haul
The Atlassian co-founder says can AGL take advantage of the massive opportunity presented by the energy transition, but is focusing on voting down the demerger for now.
- Updated
- Angela Macdonald-Smith
AGL demerger hangs by a thread
The energy company has US powerhouse Global Infrastructure Partners on its side, but some say its demerger is already dead after Mike Cannon-Brookes became its biggest shareholder.
- Angela Macdonald-Smith
April 2022
UBS faces 10-year ban from PNG as royal commission delivers verdict
UBS Australia could be blocked from doing business in Papua New Guinea for a decade over its role in a controversial $1.3 billion loan.
- Jonathan Shapiro and Lisa Murray
March 2022
Evading Cannon-Brookes all too easy for AGL
If Cannon-Brookes wants AGL, he can do what everyone else in listed markets has to, which is pay a fair price.
- Updated
- Joe Aston
December 2021
Oil Search era draws to a close after 92 years
The convincing 95 per cent vote in favour of the $23 billion merger with Santos did not include former Oil Search CEO Peter Botten, who says the deal was done “far too cheaply”.
- Updated
- Angela Macdonald-Smith