Former Grafton Group chairman may seek injunction to stop closed AGM

Michael Chadwick, file photo

A former chairman of the builders' merchants and Woodies DIY Grafton Group has initiated a High Court application over plans to hold a closed annual general meeting of the group next Wednesday in the absence of most shareholders .

Michael Chadwick is concerned the proposed meeting will proceed otherwise than in accordance with his rights as a shareholder, the court heard on Friday.