Ardent board vote: Proxy firms oppose EGM board push of Ariadne's Gary Weiss
Proxy firms ISS and Ownership Matters have largely backed Ardent Leisure's board in its scrap with activist shareholder Ariadne, by recommending against the election of Ariadne director Gary Weiss at a crucial meeting next month.
While 10.9 per cent shareholder Ariadne last week withdrew three resolutions it will put to shareholders at an extraordinary meeting it has called Monday week, it is still pushing for the election of Dr Weiss and US-based Brad Richmond to the board of the challenged leisure company.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Property
Fetching latest articles