Little Group has replaced three members of the Real Estate Corp (RNC) board after taking a controlling share in the company last week.
Paul Little, who owns and controls property company Little Group with his wife Jane Hansen, will sit on the board along with Peter Halstead and Ian Hanley. They replace outgoing board members Nathan Cher, Jane Tongs and Samuel Herszberg.
Clause 4.4 of the Bid Implementation Agreement allows Little Group to nominate new board members.
Little Group took control of 85 per cent of RNC on March 25, paying shareholders for 37c per share.
Real Estate Corp owns and operates RUN Property, Agentplus and Maintenance Matcher.
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Paul Little places himself on RNC board along with two other Little Group execs.
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