Minerva calls EGM following KiFin bust-up

first_imgWednesday 11 August 2010 8:21 pm Minerva calls EGM following KiFin bust-up Show Comments ▼ KCS-content whatsapp whatsappcenter_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleUndo PROPERTY developer Minerva has called an emergency meeting to drum up support following demands for a boardroom shake-up from rebel investor KiFin, owned by billionaire Nathan Kirsh. In the latest chapter of an extended power struggle at Minerva, KiFin has proposed the sacking of chairman Oliver Whitehead and chief executive Salmaan Hasan and called for more transparency on terms of its recent restructuring and profit share agreements.KiFin plans to install London property veteran Philip Lewis as interim chief executive, along with former Investec boss Bradley Fried as a non-executive director, if the moves win shareholder approval at an emergency meeting on 8 September. Minerva has hit back at the proposals, accusing leading shareholder KiFin of trying to take control of its activities without paying, after its 50p per share takeover bid collapsed earlier this year.“It’s a pretence to say they don’t want to take control, given their actions over a period of time,” Whitehead told City A.M. “We have no problem with them taking over as long as they pay a proper price. By trying to install Lewis, they are trying to gain control without the hassle of a takeover.” “Besides the demands set out, we have no idea what KiFin has planned for the company. They are just making mischief, putting out negative tittle-tattle,” Whitehead added. Lewis called yesterday for Minerva’s other board members to get involved and calm the dispute. “They have got three good non-executive directors who should be making an effort to find a solution to this problem,” Lewis said. “Kirsh is not seeking control of the company. We simply want management to understand the importance of full disclosure of the key financial information that we are requesting.” More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Share Tags: NULLlast_img

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