Shareholder revolt sees Eason board egm shelved

The board of Eason was forced to cancel an egm scheduled for last week after a large group of shareholders objected to proposed changes to the company's Articles of Association.

28th April, 2012

The board of Eason was forced to cancel an egm scheduled for last week, because a sizeable group of shareholders made it known that they would not support changes to the 125-year-old company's Articles of Association.

At the last agm in June 2011, issues were raised by shareholders with regard to these, mainly about the control of share transfers and related matters.

Because the existing Memorandum and Articles date from 1887, the board felt it was...

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