Praemium’s shareholders to vote on directors’ removal

praemium shareholders

16 March 2017
| By Oksana Patron |
image
image
expand image

Praemium Limited’s shareholders have requested the company to hold a general meeting with regards to the two resolutions on changes to its management, following the termination of its chief executive in February.

In particular, the shareholders would vote on the removal of directors of the company, including Andrew Cartens, Peter Mahler, Robert John Edgley, and Greg Camm and any person appointed as a director of Praemium on and from 14 March.

The second resolution that the shareholders would vote on was to appoint Barry Steven Lewin, Stuart Mark Robertson, and Daniel Leon Lipshut as the new Praemium’s directors.

The request for the general meeting was submitted by Michael Bernard Ohanessian, Michael Bernard Ohanessian and Candice Ohanessian (M&C Ohanessian), National Nominees Limited in its capacity as nominee for Paradice Investment Management ATF Paradice Mirco Investment Fund, Australian Ethical Limited ATF the Australian Ethical Australian Shares Fund and Australian Ethical Limited ATF the Australian Ethical Emerging Companies Fund, and SupertcoPty.

In February, Praemium terminated its chief executive, Michael Ohanessian, saying that “a CEO with a different skillset would better serve the company’s leadership needs for the next phase of its growth and development”, but at the same time the board acknowledged his instrumental role in the company’s transformation to a profitable firm.

Praemium said Greg Camm would act as executive chairman until a new CEO was appointed.

 

 

 

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

11 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 16 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 14 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 17 hours ago