News blog
Directex Realisations
- BY: Andrew Hore |
- POSTED: 07/03/2010 |
Jonathan Lander and Nicholas Lander were successful in their attempt to be appointed to the Directex Realisations board at the investment company’s general meeting.
Executive chairman Nicholas Ward had already announced his intention to resign but he would have been voted off the board anyway. The plans to cancel the Aim quotation and re-register as a private company were not passed by shareholders.
Shareholders did vote in favour of the proposed investment strategy which involves the investment of £500,000 of spare cash.
John Lloyd and Martin Purvis have resigned as directors. Martin Kiersnowski will be the only previous director left on the board.
Ken Russell has increased his stake to just above 5%.
At 3.125p a share, Directex is valued at £1.57m.
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