Phlemings Ltd was a late arrival in the ercely competitive grocery retail business in New South Wales. It is a miner player compared to the giant outlets that dominate shopping basket sales in NSW. But it has been consistently opening new stores and has made inroads in the marketplace. It has an open share register pockmarlred by blue chip corporate investors and individuals. The corporate and individual investors are a varied group but all are weil heeled. James Enterprises Pty Ltd is a well-known corporate entity in business circles and it has a sotid 12% of shares. It is holding company that has built up an impressive portfolio in numerous businesses. In the eld of individual shareholders there is a retired politician called Neil Grainer, Kevin Smith, a partner in a corporate rm of solicitors and Jo King a businesswoman with stakes in a range of companies. Alan James is a well-known business identity. He inherited his wealth but he has built on the family fortune. He diversied into a range of new businesses and his bets paid off. His family are always somewhere on any rich list. Alan James is the majority shareholder and director of the family corporation James Enterprises Pty Ltd. He is an influential force in Phlemings Ltd and in recognition of this fact he is a non-executive director and Chairman of the Board of Directors. Alan James has always surrounded himself with talent and often headhunted top management gures. Phillip Dwen was appointed Chief Executive Cfcer of Phlemings Ltd at the behest of Alan James. Kevin Smith and Jo King have a string of non-executive directorships. They are non-executive directors of Phlemings Ltd. James Enterprises are a conglomerate and they are big players in the trucking business. Sun Trail Pty Ltd is a wholly owned subsidiary of James Enterprises Pty Ltd. They are the major trucking and transport carrier for Phlemings Ltd. The contract is worth millions. Georgia Sykes is a busy and wealthy businesswoman. She likes to taires stakes in competitors businesses. She is a shareholder of Phlemings Ltd, whilst being the majority shareholder of Safe and Sound Pty Ltd. another company engaged in trucking business. She hates losing and is still recovering from putting in an unsuccessful tender to provide transport for Phlemings Ltd. She is a bitter loser and is lrnown around the city for her barbs about how Safe and Sound Pty Ltd had the lowest tender but lost out. She's been murmuring about taking the matter further. Her discussions with the Chief Executive Ofcer and Chairman of the Board of Directors at Phlemings went nowhere. She is angry and when discussing the matter with you she enquires whether it's worth taking the matter further or should she just sell her shares in Phlemings. She aslrs you whether the there are any relevant provisions in the Corporations Act and case law that may assist her but at the same time swears she will get off the Phlemings register the next time the share price lifts
