February date set for Augusta's High Court attempt to get NPT to call shareholder meeting

Thu, 01 Dec 2016

By Jonathan Underhill Dec. 2 (BusinessDesk) - Augusta Capital has been granted a date in February next year for its High Court proceedings seeking orders requiring listed property investor NPT to call a meeting of shareholders to discuss its hostile bid. The hearing date has been set for Feb. 10, NPT said in a statement in which chairman John Anderson describes the legal proceedings as "an unfortunate distraction." Augusta is attempting to oust Anderson and directors Jim Sherwin and Tony Sewell, replacing them with its own chairman Pau...

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