1st Apr 2019 13:38
LONDON (Alliance News) - Argo Blockchain PLC on Monday said it received a shareholder requisition letter calling for a general meeting to oust two directors and appoint a new person to the board.
Lynchwood Nominees Ltd, a shareholder with over 5% of the company's capital, asked for a general meeting at which to vote on resolutions to remove Chair Jonathan Bixby and President & Executive Director Michael Edwards.
Lynchwood also demanded the appointment of an "as-yet unidentified person" to the board in the role of director.
Argo Blockchain shares were trading 3.3% higher at 3.15 pence each.
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Argo Blockchai.