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Activist shareholders

February

Unlikely duo: Nick Bolton and Antony Catalano

Shareholders barred from Keybridge meeting as court freezes assets

Sources say observers who showed up in person were also prevented from entering.

Activist shareholder Nick Bolton.

Nicholas Bolton’s Keybridge to enter voluntary administration: sources

Melbourne accounting and advisory firm Lowe Lippmann is best placed to be appointed, sources said.

Bros before woes? Not so for the friendship between Antony Catalano (pictured) and Nicholas Bolton.

End of an era: Catalano, Bolton fall-out to give WAM the edge

Wilson, whose company has built a 45 per cent stake in Bolton’s ASX-listed investment vehicle Keybridge Capital, has been a thorn in Bolton’s side for almost a decade.

December 2024

APA’s AGM in October attracted protesters concerned about the development of Beetaloo gas.

New pipeline unlocks Beetaloo gas for NT customers in 2026

A deal signed with pipeline owner APA Group looks set to stoke controversy over the development of a massive new onshore gas resource.

Metrics managing partner Andrew Lockhart is also the chairman of Navalo.

Metrics moves to compulsorily acquire BNPL underdog despite objections

Shareholders have accused Metrics of “grossly underestimating” the company’s valuation, “systematically devaluing the company through sham capital raises”, “selective disclosure” and “predatory behaviour”.

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November 2024

Tiwi Islanders holding a banner they made to protest the Barossa gas project.

EDO to hand more than $9m to Santos after failed Barossa suit

But the oil and gas giant has been unsuccessful in forcing the taxpayer-funded, climate-focused legal service from disclosing publicly who bankrolled its suit.

Ramsay Health Care runs the country’s biggest network of private hospitals.

Ramsay investors push for shake-up of ‘failed’ overseas expansion

The country’s largest private hospital operator is facing demands from shareholders to discard international operations and focus on its local facilities.

News Corp’s board of directors pushed back on Starboard’s proposal in September.

Most non-Murdoch News Corp investors backed failed share collapse

A bid to end the family’s ‘outsized influence’ on the company has been “convincingly” defeated, News Corp says. Most other shareholders backed it, early results suggest.

Chris Ellison and former chairman Peter Wade.

Big super demands MinRes board come clean on founder’s private deals

The influential governance advisor to retirement funds has recommended a vote against its remuneration plan citing a lack of integrity and poor disclosure.

Santos CEO Kevin Gallagher is under fire over the company’s road map to reach net zero emissions by 2040.

Santos’ own director queried use of ‘clean’ definition: ACCR

Then-director Peter Hearl’s querying of the company’s use of the word “clean” exemplifies how readers of its climate report have been misled, Federal Court hears.

How we identified the 2024 Customer Champions

Submissions were evaluated across the three dimensions that define a Customer Champion – customer value, shareholder value and approach to doing business.

David Di Pilla.

David Di Pilla’s HMC buys into Lifestyle Communities

The company says it’s ‘early days’, and could increase its stake by a further 4.5 per cent in the developer and landlord of affordable housing for downsizers.

October 2024

Brett Woods at the Moomba carbon capture project in May 2023 when he was still employed by Santos.

Santos’ hydrogen assumptions ‘absurd’, ACCR lawyers suggest

Oil and gas producer’s estimates for hydrogen sales were unreasonable, leaving its net zero target lacking credibility, the Federal Court heard.

The Moomba carbon capture and storage project is central to Santos’ plans for emissions reductions. But the ACCR is alleging those targets are misleading.

Santos says activist demands would deter climate targets being set

The oil and gas producer is being sued by environmental groups in the Federal Court who argue its long-term carbon reduction plan is “a series of speculations”.

Santos CEO Kevin Gallagher has presented the climate strategy to investors.

‘Series of speculations’: Santos climate targets under attack

The Federal Court case brought by the Australasian Centre for Corporate Responsibility alleges Santos deceived consumers with its clean energy claims.

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APA chairman Michael Fraser (left) and CEO Adam Watson at the AGM in Sydney on Thursday.

UniSuper won’t back up claims it sold APA on gas worries

Dissatisfaction about APA shares trading near a 10-year low added to the complaints voiced by investors at the fiery AGM, which was dominated by concerns over Beetaloo gas.

The partnership of Paul Flynn (left) and Mark Vaile (right) has led Whitehaven Coal for 12 years.

Whitehaven accused of paying ‘overly generous’ bonuses

Whitehaven Coal and a big proxy adviser are at odds over a recommendation shareholders lob a second strike over executive pay.

September 2024

Redbubble chief executive Martin Hosking said his next goal is profitable revenue growth.

Activist investor asks Redbubble to hang for-sale sign; seeks board seats

Osmium Partners is set to kick off an audacious public letter writing campaign where it will ask shareholders to support four new board members.

Woodside CEO Meg O’Neill in Sydney last week.

Activists seek to stir investor revolt at Woodside

Market Forces is urging shareholders to demand a board revamp at the oil and gas producer, citing a huge increase in emissions from its US LNG export plans.

August 2024

APA is studying pipelines that would transport gas from exploration ventures in the Beetaloo Basin in the Northern Territory.

APA Group faces activist action over Beetaloo pipeline

A shareholder resolution lodged by Market Forces driven by climate concerns comes as APA’s board is facing the risk of a “second strike” at its October AGM.

Original URL: https://www.afr.com/topic/activist-shareholders-1mt6