Link company secretary resigns
The company secretary of listed technology company Link Administration Holdings (ASX: LNK) has resigned, with the role being assumed by the company’s general counsel.
Last Friday (15 July), Link Group (also known as Link Administration Holdings) noted that its company secretary, Emily McCaffery, had resigned, effective as of that day.
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The market update follows the company’s decision to once again turn down a revised takeover bid from international cloud-based software and tech provider Dye & Durham.
Dye & Durham originally reduced its bid to $4.30 per share to reflect an undertaking the firm was considering providing to the Australian Competition and Consumer Commission (ACCC) in order to obtain its approval along with “the current state of the financial markets and values of both the Link Group and the PEXA shares”.
In a statement of issues published in June, the competition watchdog raised what it described as “significant preliminary competition concerns” about the proposed takeover.
After the reduced bid was turned down by Link, Dye & Durham put forward its latest offer of $4.57 per share in base consideration following additional negotiations.
Sarah Turner — who is the listed company’s general counsel — “will continue” in that role and as its company secretary. She is, the market update noted, now responsible for communication with the ASX in relation to Listing Rule matters.
Link Group chief executive and managing director Vivek Bhatia said: “On behalf of the board and Link Group, I would like to thank Emily for her contribution to Link Group since joining in 2021.
“We wish her the very best in her future endeavours.”