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Miffed Karoon shareholder pitches board overhaul

Disgruntled Karoon Gas Australia shareholder Pegasus is pushing for an upheaval of the explorer’s board, unhappy at the direction under executive chairman Robert Hosking.

Sarah Thompson, Anthony Macdonald and Jake Mitchell
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Disgruntled Karoon Gas Australia shareholder Pegasus is pushing for an upheaval of the explorer’s board, unhappy at the direction under executive chairman Robert Hosking .

The 3 per cent holder has nominated three new directors for election at the annual general meeting on October 27 in a bid to force an overhaul of strategy.

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Original URL: https://www.afr.com/street-talk/miffed-karoon-shareholder-pitches-board-overhaul-20140918-jf4cm