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.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

How citizen developers can help save Australian businesses from IT skills shortage
Partner Content
Warnings from business leaders across Australia, including Coles CEO Steven Cain, have ...
Mendix
Advertisement

Related Stories

Universal Store buys Byron Bay fashion brand THRILLS for $50m

Universal Store buys Byron Bay fashion brand THRILLS for $50m

After working alongside Universal Store (ASX: UNI) for nine years, ...

Superloop seizes on education recovery with $50m deal for student broadband provider VostroNet

Superloop seizes on education recovery with $50m deal for student broadband provider VostroNet

Bevan Slattery-founded internet infrastructure provider Superl...

Hogg quits as The Star’s acting CEO just days ahead of Queensland casino inquiry findings

Hogg quits as The Star’s acting CEO just days ahead of Queensland casino inquiry findings

The depletion of The Star Entertainment Group’s (ASX: SGR) ex...

Founders of fintech favourite Swyftx take out top prize at the Brisbane Young Entrepreneur Awards

Founders of fintech favourite Swyftx take out top prize at the Brisbane Young Entrepreneur Awards

The founders of crypto trading platform Swyftx, Alex Harper and Ang...