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Activists take control of RHG

The activist shareholders in RHG Group have succeeded in securing the agreement of the existing board to appoint three new directors.Paul Jensen, Malcolm McComas and Gabriel Radzyminski all took office as directors of RHG yesterday.The three were nominees for the board for a proposed special meeting of the company called by Wilson Asset Management and Cadence Asset Management, which will presumably not go ahead now.RHG will still hold an extraordinary general meeting on Thursday, 28 April, to consider the selective buyback of capital at 88 cents a share that most of the activist shareholders have said they plan to vote against.

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