Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 891 - 900 of 1947 results for "Proposal"

AMP Capital hits back at second LIM wind-up letter

ALEX BURKE  |  TUESDAY, 26 JUL 2016
... July 21, LIM issued a second letter to AGF unitholders, which outlined "seven compelling reasons" to support the wind-up proposal. These were, in short: the ability to exit AGF at a price close to the net asset value (NAV); the danger of exiting later ...

Court dismisses AMP appeal for China fund EGM

ALEX BURKE  |  MONDAY, 25 JUL 2016
... holds roughly 36% of units in AGF, would be unable to vote on various solutions for the fund, which include a wind-up proposal from activist investor LIM Advisors. AMP Life appealed the decision, which has now been upheld. As a result, AMP Life will ...

Regulator issues new risk management guidance

DARREN SNYDER  |  FRIDAY, 22 JUL 2016
Responsible entities of managed funds are receiving further guidance around risk management as ASIC aims to ensure adaptability in changing market conditions. Yesterday ASIC released a consultation paper on the proposed regulatory guidance and said ...

ASIC needs to focus on prevention, not cure

ALEX BURKE  |  THURSDAY, 21 JUL 2016
... shelf-space fees and so on." The panel, which also included Minter Ellison partner Richard Batten, unanimously agreed on the proposal to remove ASIC from the Public Service Act so that it would be less restricted in its hiring practices. A live poll ...

AMP gets court date for China fund appeal

ALEX BURKE  |  TUESDAY, 19 JUL 2016
... holds roughly 36% of units in AGF, would be unable to vote on various solutions for the fund, which include a wind-up proposal from activist investor LIM Advisors. The appeal will be heard in the NSW Court of Appeal on July 22. It is unclear how quickly ...

Bentley slams Keybridge response to restructure proposal

ALEX BURKE  |  TUESDAY, 12 JUL 2016
Bentley Capital has criticised Keybridge Capital's explanatory notes about the former's proposal to remove Keybridge's chair and appoint Bentley nominees to the board. On July 7, ahead of Keybridge's July 29 extraordinary general meeting, Keybrige chair ...

AMP Life appeals Supreme Court ruling

ALEX BURKE  |  MONDAY, 11 JUL 2016
... holds roughly 36% of units in AGF, would be unable to vote on various solutions for the fund, which include a wind-up proposal from activist investor LIM Advisors. The court made this decision because, as per the Corporations Act, the responsible entity ...

Cromwell Riverpark Trust extended for five years

KERRIE SYDEE  |  MONDAY, 11 JUL 2016
... further 95.83% of unitholders voted to approve an amendment to the trust's constitution in order to implement the rollover proposal. Cromwell funds manager Hamish Wehl said the vote was a great result for unit holders of the trust. "Given the trust's ...

Macquarie partners to acquire real estate sales platform

ALEX BURKE  |  WEDNESDAY, 6 JUL 2016
... directors Michael and Daniel Dempsey, who are affiliated with investors in the consortium - to consider the acquisition proposal in March. The committee said it "unanimously recommends, in the absence of a superior proposal... that shareholders vote ...

AMP Capital urges voters to keep China fund open ahead of EGM

ALEX BURKE  |  FRIDAY, 1 JUL 2016
... fund with enhancements. The memorandum comes after LIM Advisors, the activist investor which made the original wind-up proposal, issued an open letter to unitholders explaining why the firm would be voting to close the fund at the EGM. LIM, which is ...