Etonbrook rebel fails in mission
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.ANDREW PERLOFF, a rebel shareholder at Etonbrook Properties, and his associate Malcolm Bloch failed to win seats on the board at yesterday's annual meeting. They had been trying to unseat Etonbrook's chairman, Jonathan Harris, and managing director, Keith Moss.
The company's proposal to repay preference shares gained the support of 72.2 per cent of shareholders, just short of the 75 per cent needed. Mr Harris said: 'Given this level of support I intend to immediately put the proposals to shareholders once again. This time shareholders will be able to concentrate fully on the advantages of receiving a 27.75p- a-share cash payment.'
The alternative proposals put forward by Mr Perloff, who speaks for 15 per cent of Etonbrook's equity, were rejected.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments