BRIEF-Ardent Leisure responds to Ariadne's resolutions
Aug 14 (Reuters) - Ardent Leisure Group:
* Recommends securityholders vote against all of the Ariadne resolutions
* Does not believe that Ariadne's nominees will work co-operatively and alongside current board and senior management to oversee execution of co's strategic plan
* At least two of the current ardent australian non-executive directors retiring no later than the 2018 agm
* Board cohesion is essential to enable ardent's management team to deliver earnings and security price growth
* Ardent board has reservations regarding Ariadne's agenda and that the presence of its nominees on the board may bring undue influence
* Appoints of Randy Garfield as independent non-executive director
* Board’s view is that the letters sent by Ariadne (the Ariadne communications) contain statements that are "misleading"
* Post dreamworld incident in 2016, board & management enacted a recovery plan which is expected to take up to two years Source text for Eikon: Further company coverage: