1st Dec 2023 19:43
More Acquisitions PLC - London-based special purpose acquisition company - Says shareholders voted overwhelmingly against four resolutions regarding the makeup of its board, at a general meeting requisitioned by a shareholder. For resolutions one to three, 78% vote against the motion, while 79% vote against the motion for resolution four. Resolution one is to appoint Nicholas Tulloch as a director; resolution two is to appoint Jeremy Woodgate as a director; resolution three is that conditional on the passing of either resolution one or two, Roderick McIllree be removed from office as a director with immediate effect; while resolution four is that conditional on the passing of either resolution one or two, Charles Goodfellow be removed from office as a director with immediate effect.
In early November, More Acquisitions said it had undertakings for 52% of shares to vote down the proposals by Mike Whitlow, a 6.5% shareholder, who called for the meeting.
Current stock price: 0.50 pence, down 1.0%
12-month change: down 29%
By Greg Rosenvinge, Alliance News senior reporter
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