Blog Post

AA Co shareholders disinterested in Joe Lewis’ insider trading charges

THERE was little to no shareholder interest shown at this morning’s Australian Agricultural Co annual general meeting in yesterday’s news that the company’s biggest shareholder had been charged in the US over insider trading.

UK billionaire Joe Lewis, who is AA Co’s controlling shareholder with more than 50pc of the stock, was on Wednesday indicted for insider trading in the US and faces charges including sharing confidential information about the impact of the 2019 Queensland floods with his pilots.

AA Co chair Don McGauchie during this morning’s annual general meeting

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