Published 27 April 2012
Pyne Gould Corp Ltd managing director John Duncan has resigned with immediate effect, and will resign from the EPIC board as Pyne Gould’s representative. He will be replaced as group managing director by George Kerr.
Mr Kerr has achieved a takeover of the listed company, but not a full one. The last notice by his takeover entity, Australasian Equity Partners Fund No 1 LP, at the end of the takeover period on 30 March, disclosed that it held 76.3% of Pyne Gould.
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Attribution: Company release, story written by Bob Dey for the Bob Dey Property Report.