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Swallowfield PLC (BAR)

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Monday 14 March, 2011

Swallowfield PLC

Notice of General Meeting

RNS Number : 9112C
Swallowfield PLC
14 March 2011



Swallowfield Plc


Posting of Notice of General Meeting


Swallowfield plc ("the Company") announces that, further to the announcement of 23 February 2011, a circular convening a general meeting for 11 April 2011 has today been posted to shareholders.  A copy of the circular and Notice of General Meeting is available on the Company's website.


Based on recent communications with Mr Gyllenhammar, it is the Board's belief that, in due course, he will require further Board changes in addition to the removal of Shena Winning.  The Board has been trying hard to find a solution with both Mr Gyllenhammar and representatives of Western Selection that would also retain the independence of the Board.  These protracted, and to date, fruitless negotiations have left the Board with insufficient time to put together a full document advising shareholders of the background to this situation prior to publication of the Notice of General Meeting in accordance with the statutory timetable.  The Board, therefore, intends to send a further document to shareholders in due course, detailing the reasons for the following recommendation:



The Board strongly urges shareholders to vote their shares AGAINST the resolutions as each of the Directors will be doing in respect of their own shares at the General Meeting.





Swallowfield plc

01823 662241

Ian Mackinnon - Chief Executive Officer

Mark Warren - Group Finance Director

Smith & Williamson Corporate Finance

0117 3762213

Nick Reeve/Martyn Fraser - Nominated Adviser

Barrie Newton - Broking


This information is provided by RNS
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