Mr Lew and Premier have been agitating for a drastic reshuffle of Myer's board since early July when he acquired an additional 5 per cent of the company, bringing his majority stake up to 15.6 per cent. Despite Myer subsequently offering Premier a board seat, the retailer said he had nothing to gain from negotiating with the existing members, calling instead for all three remaining non-executive directors to step down. Shares in Myer retailer gained 4.17 to 50 cents on Tuesday. The Market Recap newsletter is a wrap of the day's trading. Get it each weekday afternoon.