29th Nov 2005 15:29
Scott Tod PLC29 November 2005 SCOTT TOD PLC Re Requisition for EGM Further to the announcements made on 27 October 2005 and 11 November 2005, theCompany was informed yesterday evening and this morning respectively that MrMartin Groak and Mr John Pither had withdrawn their consent to stand forelection to the Board of Scott Tod Plc. The company was separately informed that Navigator Corporate Finance Ltd haveceased to act as corporate finance advisor to Mr & Mrs Tod. The Company was theninformed by Mr Tod that the requisition for an EGM has been withdrawn - adevelopment which the Company welcomes. Subsequently the Company has been informed by Mr Tod that he proposes to convenea further EGM to propose alternative board changes but this has not yet beenformally received by the Company. The Company will respond to such when it isreceived, but regrets this further disruption at a time when it would prefer toconcentrate on revitalising its operations. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SCD.L