Andrew Perloff failed to unseat two LPA directors.
He wanted to remove chairman Michael Rusch and non-executive director Per Staehr who were coming up for re-election but all the resolutions were passed by shareholders.
Management of the designer and manufacturer of lighting, power and electronic systems had worried that the second quarter trading might have been weaker than the strong trading in the first quarter. However, at the AGM the Chairman said that it remains robust. Orders are “significantly ahead” of the same time last year. On top of that there are a number of potential contracts that the business could win.
The rest of the year will be “challenging” but LPA is particularly optimistic about potential business in the rail sector.
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