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PRS REIT shareholders withdraw requisition notice following agreement on board changes
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In a stock exchange notice today (13 September), PRSR said its board reached an agreement with the requisitioning shareholders, which will see current non-executive chair Steve Smith step down at the next annual general meeting. Shareholder discontent deepens as PRS REIT board faces governance concerns As a result, Geeta Nanda, senior independent director, will take on the role of interim chair following the AGM and lead the appointment process of a new permanent chair. The recruitment process has been launched «immediately», PRSR said, as it turned to external consultants to suppo...
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