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...
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