Karelian directors in line of fire at upcoming shareholder showdown

21st July, 2019
Richard Conroy, chairman of Karelian: position at risk Picture: Mac Innes

A shareholder revolt is set to play out this Friday as an attempt is made to dislodge directors at diamond explorer Karelian.

A rebel shareholder grouping wants to get rid of founder and chairman Richard Conroy as well as non-executive director and Cavan multimillionaire Seamus Fitzpatrick, the boss of Mayfair-based firm CapVest, along with the rest of the board.

On Friday, hostilities will be aired at an emergency general meeting in the Davenport in Dublin.

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