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RHG activist shareholders request EGM

11 April 2011 4:38PM
On Friday, two activist RHG shareholders formally requested an extraordinary general meeting in order to remove two directors from the board and appoint three others picked by the two shareholders.Wilson Asset Management and Cadence Asset Management, the two activist shareholders, foreshadowed their plan at the end of last month.They are unhappy at plans to delist RHG following a planned buyback of shares at 88 cents each.The two fund managers propose to remove Greg Jones and John McGuigan as directors. They propose the appointment of three new directors: Paul Jensen, Malcolm McComas and Gabriel Radzyminski.RHG has three weeks to set a date for the special meeting.

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