Requisition of General Meeting

RNS Number : 2479W

Van Elle Holdings PLC

13 November 2017

 

13 November 2017

Van Elle Holdings plc

("Van Elle" or the "Group")

Requisition of General Meeting

The Board of Van Elle notes the press commentary over the weekend and confirms that it has received a letter from Michael Ellis, the former Chairman, requesting that the Company convenes a general meeting of Van Elle's shareholders. At the meeting, Mr Ellis proposes that resolutions be put to shareholders seeking the appointment of himself and his son-in-law, Thomas Lindup, as directors of the Company, as well as resolutions to remove Jon Fenton, Chief Executive, and Robin Williams, Senior Independent Director, as directors of the Company. 

 The Company has until 29 November 2017 to send a circular to shareholders convening the shareholder meeting and will issue this in due course. At this time, the Board recommends that shareholders take no action.

 The Board confirms that trading conditions for the Group are unchanged since the announcement of 12 September 2017 and confirms that it will provide a scheduled update on trading for the first half of the financial year later this month. 

Enquiries:

Instinctif Partners (Financial Public Relations)	020 7457 2020
Mark Garraway
James Gray
Rosie Driscoll
Peel Hunt LLP (Nominated Adviser and corporate broker)	020 7418 8900
Charles Batten
Mike Bell
Justin Jones

 

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