Dissenting shareholder says he exercised his rights in terms of the law endorsed by two court rulings
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. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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