Login
Link company secretary resigns
The company secretary of listed technology company Link Administration Holdings (ASX: LNK) has resigned, with the role being assumed by the company’s general counsel.
Jerome Doraisamy
To continue reading the rest of this article, please log in.
Create a free account to get unlimited news articles and more!
Last Friday (15 July), Link Group (also known as Link Administration Holdings) noted that its company secretary, Emily McCaffery, had resigned, effective as of that day.
The market update follows the company’s decision to once again turn down a revised takeover bid from international cloud-based software and tech provider Dye & Durham.
Dye & Durham originally reduced its bid to $4.30 per share to reflect an undertaking the firm was considering providing to the Australian Competition and Consumer Commission (ACCC) in order to obtain its approval along with “the current state of the financial markets and values of both the Link Group and the PEXA shares”.
In a statement of issues published in June, the competition watchdog raised what it described as “significant preliminary competition concerns” about the proposed takeover.
After the reduced bid was turned down by Link, Dye & Durham put forward its latest offer of $4.57 per share in base consideration following additional negotiations.
Sarah Turner — who is the listed company’s general counsel — “will continue” in that role and as its company secretary. She is, the market update noted, now responsible for communication with the ASX in relation to Listing Rule matters.
Link Group chief executive and managing director Vivek Bhatia said: “On behalf of the board and Link Group, I would like to thank Emily for her contribution to Link Group since joining in 2021.
“We wish her the very best in her future endeavours.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
You can email Jerome at:
