Press
Press: ASIC dogged in its pursuit of unlisted property transparency
James Frost, The Australian, 29 March 2012
"Adrian Harrington, Head of Funds Management at Folkestone, welcomed the increased disclosure proposed by ASIC."
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Press: Folkestone Drifts Along At Calmer Pace
Gretchen Friemann, Australian Financial Review, 27 October 2011
"Compared with the stormy scenes at a shareholders' meeting last March, Folkestone's annual general meeting yesterday turned out to be a civilised and subdued affair......Paramor pointed out that Folkestone had plenty of cash on its balance sheet after a $31 million equity raising, and was eagerly combing the market for potential acquisitions. In eight months since Mr Paramor has been at the helm, the company has looked at 41 seperate real estate purchases and six possible takeovers of funds management platforms."
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Paramor has plans at Folkestone
Andrew Main, The Australian, 31 March 2011
"SYDNEY property veteran Greg Paramor is looking forward to his fourth company-building adventure, taking control of the thoroughly Melbourne Folkestone Group after a noisy proxy battle."
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Much ado about an ailing minnow
Robert Harley, The Australian Financial Review, 7 March 2011
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Response to inaccuracies in relation to the EREP Proposal
EREP, 3 March 2011
"Unfortunately we are concerned that there is a risk that Shareholders will be denied the opportunity to make an informed decision as a result of being misled by inaccuracies and misrepresentations in information sent to them by the long-time shareholders backing the Bell Potter Proposal - Thorney Holdings Pty Ltd ("Thorney") and Wilbow Group Pty Ltd ("Wilbow"). The purpose of this letter is to address material errors in that information.
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Folkestone fight
John Durie, The Australian, 2 March 2011.
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In firing line
Scott Rochfort, Business Day SMH, 2 March 2011.
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EREP press article mailout
EREP, Februay 2011
Games Folkes play
John Durie, The Australian, 26 February 2011
"...At this stage we could all stand and cheer, but we should ask: given the past performance, just why have they bothered, just how minority shareholders fare and just what is the future of a company whose governance record stinks and whose major shareholders have no apparent strategy for future growth."
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Shareholders go to war for control of Folkestone
Mark Hawthorne, The Age, 26 February 2011
"...A shareholder meeting to settle the mess was scheduled in Melbourne this week, but was cancelled by company chairman Alister Maitland. There have been grumblings that the meeting was called off when it appeared the Paramor camp had the numbers."
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Control of Folkestone could change without offer to all Shareholders
Bryan Frith, The Australian, 25 February 2011
"...EREP's proposed placement is a plus because it would introduce new shareholders and create greater market liquidity, whereas the Bell Potter alternative would maintain the existing concentrated ownership and poor market liquidity. That [Bell Potter Proposal] smacks of a transaction which could see control of the company change hands without a takeover offer to all shareholders, and which might interest the Takeovers Panel."
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EREP letter to shareholders
EREP, 24 February 2011
Bidding war for Folkestone
Nick Lenaghan, Australian Financial Review, 22 February 2011
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Paramor Primes Folkestone Pitch
17 February 2011 - Australian Financial Review
"Property veteran Greg Paramor has made a forceful pitch to Folkestone Investors one week before they decide whether to hand him control of their tiny loss-maker."
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EREP letter to shareholders
EREP, 14 February 2011