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Myriam Robin

Oops! Harvey Norman capital-raise breaches listing rules

Last month, Gerry Harvey lashed the banks for raising capital without giving all shareholders (namely himself) equal access.

"In the GFC most of them (companies) including all the banks were all in strife overnight and they didn't even let all their shareholders participate in most cases in the raising, because they didn't have time, needed the money tomorrow, and I'm still shitty about the fact that I didn't get any shares in a lot of those banks and companies," he said.

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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com

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    Original URL: https://www.afr.com/rear-window/oops-harvey-norman-capitalraise-breaches-listing-rules-20181028-h176oi