CVC all of a sudden appears OK about the raising now it has a seat on the Amadeus board. The group has withdrawn its request for an extraordinary general meeting to block the raising.
Adviser at large And it is not the first time Peacock has resigned the chairmanship of a company following intense pressure from a minor shareholder.
Peacock pulled the pin on his chairmanship at the now collapsed MFS Limited (rebadged Octaviar) after some agitation from a banana-bending businessman, Chris Scott, who at the time had allegedly received a margin call over his 3.5 per cent stake.
Scott managed to get himself planted on the MFS board with two of his business chums. The 70-year-old Peacock is now without a seat on a public company. His previous boards include Boeing Australia; the company that never made an orbital engine, Orbital Group; and Child Care Centres Australia.
At least Peacock has enough to see him through the next few months. His 2 million options in Amadeus are now in the money. But it is unclear if the former politician will continue his consultancy agreement with Amadeus. On top of his modest $87,500 in chairman fees, Peacock earned an extra $25,000 offering his ''corporate advisory services'' last financial year. It is unclear if his corporate advisory skills helped with the group's planned $25 million raising.
AMU Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
