First Group repels attempt to replace six of its board members
By Alexander Bueso
Date: Tuesday 25 Jun 2019
(Sharecast News) - First Group's repelled an attempt by activist investor Coast Capital to replace six of its board members.
At a private meeting from which journalists were barred, roughly one in four shareholders, not including Coast Capital, voted against the 13 resolutions that had been tabled, reports citing the Press Association said.
Among others, Coast had reportedly asked for the heads of the company's chief and of its chairman.
As of 1559 BST, shares of First Group were dipping 0.20% to 98.30p.
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