RCL Foods accuses activist Albie Cilliers of abusing his appraisal rights
Dissenting shareholder says he exercised his rights in terms of the law endorsed by two court rulings
21 March 2023 - 19:08
In an unprecedented public statement, RCL Foods, which is majority owned by Remgro, has publicly accused activist shareholder Albie Cilliers of “abusing” the appraisal rights process in the Companies Act in a deal that scored Cilliers about R600,000.
It is almost unheard of for listed companies to release statements on the JSE news platform calling out individual shareholders’ actions. ..
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