Stobart Group Limited EGM Update (3034U)
July 11 2018 - 4:14AM
UK Regulatory
TIDMSTOB
RNS Number : 3034U
Stobart Group Limited
11 July 2018
11 July 2018
STOBART GROUP LIMITED
('Stobart Group' or 'the Company')
EGM Update
On 5 June 2018, the Company announced that it had received a
requisition from three shareholders holding in excess of 33 per
cent. of the Company's voting capital to nominate Philip Day to be
elected as a Director of the Company. Those shareholders comprised
Andrew Tinkler (former executive director), funds acting through
Woodford Investment Management Limited and Allan Jenkinson.
On 25 June 2018, the Company announced the posting of a circular
to shareholders convening an extraordinary general meeting to be
held at 11 a.m. on 18 July 2018 (the "EGM"), and at which a
resolution to elect Mr Day would be proposed.
The Company's Articles of Incorporation require a potential
Director to provide confirmation as to his willingness to be
elected as a Director no later than seven clear days in advance of
the meeting to consider his election. Mr Day failed to provide such
confirmation on or before 10 July 2018 and therefore Mr Day is not
eligible to be elected as a Director at the EGM.
Accordingly, the sole resolution proposed at the EGM is now
ineffective.
Given there is now no business to conduct at the EGM,
shareholders need take no further action irrespective of whether
they have already submitted a proxy vote.
Enquiries:
Redleaf Communications
Charles Ansdell
+44 203 757 6880
Stobart@redleafpr.com
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END
MSCGGUWGMUPRUBG
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