Activist Irenic Calls for Chairman of Wagamama Owner to Resign

Irenic Capital Management is calling for Restaurant Group Plc Chairman Ken Hanna to step down, alleging corporate governance failures and policy violations.

The activist investor, which says it holds a stake of about 3%, charged that Hanna has shown “partiality against certain shareholders,” according to letters reviewed by Bloomberg News. Irenic Capital said Hanna refused to even consider adding an independent director nominated by “the activist community.”