21st Dec 2015 13:35
LONDON (Alliance News) - Home shopping and education supplies company Findel PLC on Monday said shareholders have shot down the proposed appointment of Benjamin William Gardener to its board of directors, after FTSE 100 retailer Sports Direct International PLC took a 19% stake in the business and called the vote.
According to a statement issued by Findel, about 81% of shareholders which voted at Monday's meeting rejected the appointment.
Sports Direct acquired its stake in Findel in September.
Shares in Findel were up 0.1% at 200.25 pence on Monday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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