WELLINGTON CAPITAL IN BID TO SAVE FUND

WELLINGTON CAPITAL IN BID TO SAVE FUND

WELLINGTON Capital, headed by Brisbane lawyer Jenny Hutson (pictured) is pulling out all stops to stop a planned investor meeting in Sydney which could cost the company control of a $250 million fund.

An application made by Wellington Capital in the Brisbane Federal Court seeks declaration the notice of meeting is ‘invalid’ and an order restraining a breakaway group of unit holders in the company from attending the gathering.

Critics of the move by the premium income fund (PIF) company say the legal challenge is a desperate bid to stop voting.

Hutson recently filed an affidavit regarding a series of irregularities involving Computershare as the proxy vote collector.

Huston also claims powers of attorney could have been used improperly to lodge proxy votes and that no notice of the fact has been lodged with the National Stock Exchange.

Huston is chair of the ASX-listed G8 Education, which is targeting childcare property acquisitions in Australia and Singapore.

Get our daily business news

Sign up to our free email news updates.

 
Finexia’s Childcare Income Fund secures ‘very strong’ rating from Foresight Analytics & Ratings
Partner Content
Private credit specialist Finexia Financial Group (ASX: FNX) has secured a “very...
Finexia
Advertisement

Related Stories

Billionaire pubs baron Mathieson boosts holding in The Star back to nearly 10pc

Billionaire pubs baron Mathieson boosts holding in The Star back to nearly 10pc

Pubs baron Bruce Mathieson has taken advantage of a slump in The St...

Don’t understand predictive algorithms? Xplainable bridges the “how and why” gap of machine learning

Don’t understand predictive algorithms? Xplainable bridges the “how and why” gap of machine learning

"There is so much hype around AI. Let's just focus on...

IHG teams with Felix Capital for four-star Holiday Inn at Caloundra

IHG teams with Felix Capital for four-star Holiday Inn at Caloundra

IHG Hotels & Resorts has partnered with Sydney-based Felix Capi...

Construction and hospitality dominate insolvencies amid 36pc spike in administrator appointments

Construction and hospitality dominate insolvencies amid 36pc spike in administrator appointments

Whilst barely a fortnight goes by when a well-known Australian comp...