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Independent Media Support Group
- BY: Andrew Hore |
- POSTED: 26/09/2008 |
Former Independent Media Support boss Sylvia Sheridan is trying to remove two directors and appoint three others.
Sheridan’s employment at the TV subtitles provider was terminated in June because she was paid additional remuneration of £58,200 without the approval of independent non-executive director - and subsequently appointed chairman - John Reiss.
Reiss and managing director Mark Robinson are the two men Sheridan wants to remove from the board at the AGM.
She wants to appoint Paul Dudley, Paul Woods and Andrew Brode, the boss of patent translation company RWS Holdings.
As Sheridan owns 75.5% of the company she is in a strong position.notice of the AGM should be posted next week.
The news came after the market closed. IMS shares are trading at 5.625p. IMS joined Aim on 24 June 2004 and raised £6m at 57.5p a share.
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