DOUBLE TROUBLE HITS ACRON MEETINGSYDNEY MORNING HERALD Dec 21 -...

DOUBLE TROUBLE HITS ACRON MEETING

SYDNEY MORNING HERALD Dec 21 - 1971

There were two separate but simultaneous meetings of shareholders of Acron Holdings Ltd, yesterday.

Wile the formal meeting proceeded behind well guarded doors an excluded group , the doorman described them as New shareholders ..... These 30 odd NEW shareholders organised an informal shadow meeting in which they passed a unanimous vote of censure which they proposed to submit to Directors.

Meanwhile the formal meeting which began at noon was still going on seven hours later with only a fraction of business transacted.

The apparent reasons were a split on the board and a difference between major Shareholders Gankes Brinds Ltd and Mutual Acceptance.

Mutual Acceptance had succeeded in removing Brinds representative Mr Hetherton from the board !!!!!

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