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Ardent board vote: Proxy firms oppose EGM board push of Ariadne's Gary Weiss

Michael Bleby
Michael BlebyDeputy property editor
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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.

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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com

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    Original URL: https://www.afr.com/property/ardent-board-vote-proxy-firms-oppose-egm-board-push-of-ariadnes-gary-weiss-20170823-gy274q