Mr Lew has been pushing for the resignation of Myers board due to the companys history of underperformance and acquired a larger stake in the business earlier this year in an attempt to reconstitute the board with two of his own directors and a raft of new independent directors.
On Wednesday, Premier claimed the Myer board was in a sort of caretaker mode until a meeting was called to vote on the companys board structure and said the company should not undertake any capital raises or other similar actions, which Myer was rumoured to have been considering.
Oscar Oberg, fund manager at Myers second-largest shareholder Wilson Asset Management, said he was pleased with the result, especially given it was through a difficult trading period for the retailer.
This was despite Melbourne being in and out of lockdown and Sydney being locked down from June, he said. So the result could have been even better if they werent in lockdown.
We support the management team and think theyre doing a good job, and were very happy with this result.