Business
Notice of GM
Notice of GM.
About this update from Van Elle Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 1670X Van Elle Holdings PLC 22 November 2017 \n\n22 November 2017\n \nVan Elle Holdings plc\n(\"Van Elle\")\n \nNotice of General Meeting and Posting of Circular to Shareholders\n \nThe Board's unanimous recommendation is to VOTE AGAINST all of the Ellis Resolutions\n \nFurther to the announcement dated 13 November 2017 in connection with the requisition of a general meeting of the Company by Michael Ellis (the \"General Meeting\"), Van Elle announces that the circular containing the notice of general meeting (the \"Circular\") is being posted today to Van Elle shareholders (\"Shareholders\"). The Circular will shortly be available on the Company's website at: www.van-elle.co.uk.\n \nThe letter from the Chairman contained within the Circular is set out in the appendix to this announcement.\n \nThe Board unanimously recommends that Shareholders VOTE AGAINST all of the Ellis Resolutions to be proposed at the General Meeting for the following reasons:\n \n· the Company's strategy remains unchanged with the Board working to deliver this strategy;\n· the Company delivered profit growth in FY2017 and the Board's expectations for FY2018 are\nunchanged;\n· the Board is engaged in an independent process to identify a new Chief Executive Officer; and\n· the Ellis Resolutions would significantly weaken the independence of the Board and the overall level of corporate governance within the Company.\n \nThe Board believes the Ellis Resolutions reflect the failure by Mr Ellis to accept that Van Elle is no longer his private family business and that the Ellis Resolutions serve to promote the interests of Mr. Ellis and his family, not necessarily to the benefit of the Company and its other Shareholders.\n \nDetails of the General Meeting\n \nThe General Meeting will be held at the offices of Eversheds Sutherland (International) LLP, One Wood Street, London EC2V 7WS at noon on 15 December 2017.\n \nExpected Timetable of Principal Events:\n \n\n\n\n\nLatest time and date for receipt of Forms of Proxy\n\n\nNoon on Wednesday 13 December 2017\n\n\n\n\nVoting record time\n\n\nClose of business on 13 December 2017\n\n\n\n\nGeneral Meeting\n\n\nNoon on Friday 15 December 2017\...