News blog
Lighthouse Group
- BY: Andrew Hore |
- POSTED: 31/08/2012 |
Executive chairman David Hickey has stepped down from the Lighthouse Group board.
He is paying the price for the failed attempt to cancel the IFA’s Aim quotation. Hickey has been chairman since Lighthouse floated in 2000. Rock Holdings and Southern Rock Insurance Company own 5% of Lighthouse and they requested a general meeting to remove Hickey. They also wanted Allan Rosengren reappointed to the board. This has not been mentioned in the latest announcement so it is unclear whether they still want Rosengren appointed as a director.
Existing non-executive Richard Last has taken over as chairman.
At 4.38p a share, Lighthouse is valued at £5.59m.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFAugust2012_35.pdf
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