CORRECT: Abano dissidents admit defeat in board stoush, vow to fight on

Fri, 13 Jun 2014

(corrects John Hawkins quote in 7th paragraph) By Pattrick Smellie The meeting took 90 minutes to get to the vote on the single item on the agenda: a motion from founder Abano director Peter Hutson and fellow shareholder James Reeves to remove Janes. Abano forced Hutson’s resignation in the course of a failed takeover bid last year by Archer Capital, and had feared retail shareholders might side with Hutson and Reeves, who control close to 20 percent of the company. More than 82.5 percent of Abano’s shares were voted at...

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