Safari Investments AGM descends into ‘farce’
Property company refuses to discuss takeover offers by Fairvest and Comprop, raising the ire of activist shareholders
07 August 2019 - 19:07
Shareholders were left frustrated at the annual general meeting (AGM) of Safari Investments, a property company which has been the subject of takeover attempts by Fairvest and Comprop, after its board refused to answer questions about the offers.
A recording of Wednesday’s meeting was sent to Business Day by a participant and showed Safari refusing to discuss the merits of the offers with the shareholders there.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.