UPDATE (1) – A VICTORY FOR THE SMALL SHAREHOLDER! THERET, WYNNE-EVANS & BASING WERE ALL VOTED OUT AT TODAYS AGM. CRACK OPEN THE CHAMPAGNE TONIGHT TROOPS & WAIT FOR THE POTENTIAL LEGALS SUITS REGARDING THE BOARDS CONDUCT IN RECENT MONTHS TO BEGIN TO SURFACE…
And so the saga of Plus and the glaring disconnect between shareholders interests and Directors remuneration meet its inevitable final conclusion today at midday.
This blog has been particularly vocal in garnering the retail investor vote against the current Board of Directors and it was encouraging to see Nicholas Smith exit stage left earlier this week.
A vote in favour of the retention of Theret, Basing & Wynne Evans can only be pushed through by the 3 larger shareholders – Rown, AD and Close – I wouldn’t bet againt Close toeing the lineagain but I think that Rowan & AD will be more active on this vote today given their last abstentions.
I look forward to hopefully reporting a phyrric victory for the long suffering shareholders and reporting that the current Board is bereft against a backdrop of City unemployment.
Roll on midday!