News blog

Sweett Group

• BY: Andrew Hore |
• POSTED: 09/05/2013 |

Property and infrastructure services provider Sweet Group has fought off the attempts of a former director to return to the board.

Former non-executive chairman Francis Ives requisitioned a general meeting to have himself reappointed to the board and remove the current chairman Michael Henderson. Around 21% of the shares voted were in support of Ives but the overwhelming majority backed the current board.

Management admits that some constructive points were made during the course of the general meeting, which will be considered by the board.

Henderson has agreed to delay his retirement and stay as chairman until next March so a replacement can be found.

At 24.5p a share, Sweett is valued at £16.6m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFApril2013_43.pdf