29th Sep 2021 20:29
East Imperial PLC - premium mixers maker - Says it recently received proposal from Andrew Regan, who "purports to be acting on behalf of some of the company's shareholders" and is looking to appoint two new non-executive directors, and for one of these to replace the chair on the grounds the board is "lacking cohesiveness" and "requisite PLC experience". East Imperial "strongly disputes" the claims.
"The board does recognize that, as the company develops, it may be beneficial to add additional boardroom experience and capabilities...However, in the board's view Mr Regan's chosen candidates appear to have little or no recent PLC experience or expertise in the premium beverage sector," it says.
Current stock price: 17.25 pence
Year-to-date change: up sharply from 8.75p on July 19
By Lucy Heming;Â [email protected]
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