Agria backs off PGG Wrightson boardroom coup
Director Meng Foon invited to resign after supporting controlling shareholder’s agenda.
PGG Wrightson chair Garry Moore, right, with CEO Stephen Guerin.
PGG Wrightson’s Cayman Islands shareholder Agria Corporation has pulled its request for a special meeting to roll the board after staunch opposition from independent directors.
In a statement to the NZX, the farming services company said Agria had withdrawn its request issued on February 8.
“The
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