18th Oct 2019 17:51
(Alliance News) - Karelian Diamond Resources PLC said at its extraordinary meeting earlier on Friday, none of the resolutions relating to the changing of the company's board were passed.
At the start of September Interactive Investor Services Nominees Ltd and Share Nominees Ltd & (Rock) Nominees Ltd, which cover 12% of Karelian's shares, requested a general meeting.
Shareholders voted on the removal of several directors including Chair Richard Conroy, Managing Director Maureen Jones, and Non-Executive Directors Seamus FitzPatrick, Sorca Conroy and Louis Maguire.
In turn, the shareholders would propose the appointment of Alan Osborne, Stephen Grimmer, Martin Doyle and Kevin Taylor as directors.
Shareholders voted against all resolutions, meaning the company's board remains the same with no changes.
Shares in the diamond explorer closed 3.1% lower at 3.10 pence on Friday in London.
By Dayo Laniyan; [email protected]
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