23rd Aug 2018 12:49
LONDON (Alliance News) - Global Resources Investment Trust PLC on Thursday said David Johnston has joined the company as a non-executive director following a shareholder-requested general meeting.
In addition to Johnston, Jonathan Reynolds was also appointed to the GloBal Resources board as a non-executive director during the meeting. Neither of these directors are considered by the trust's board to be independent.
The requisition to convene the meeting came at the end of June from a shareholder whose holding exceeds 5%. The shareholder proposed two resolutions: the appointment of Johnston, and the removal of Simon Farrell as company chairman.
No announcement regarding the chairman has been made after the meeting.
Shares in Global Resources were untraded on Thursday and last closed at 8.00 pence.
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