Action Group 28 Nov 2005 21:47
LGB - an action group is being set up. This is a message from Adrian who is collecting names and details of holdings. Email address at the end.
Hello all,
Met with some lawyers this afternoon for a free consultation.
In summary the Action Group need to consolidate our position, obtain more names and holding details and form a committee to represent the group. So far we have no committee and need to set this up along with some rules for the Group, what we want and how to do it, there are 2 of us so far collecting names etc.
Then contact the smaller institutional investors such as Henderson, Ennismore, USF, we currently have names and holdings for almost 2 million shares - more that some of these institutions and should have a fair chance of getting them on side.
Once we have done this we need to arrange a meeting with SP and find out what he plans to do and how he intends to go about it, the lawyer has offered to host the meeting if SP does not mind lawyers being present and the lawyer will not charge for this, he suggested approx 6-10 committee members attend and if SP is OK some shareholders (he can accomodate approx 60 people).
The lawyer is trying to get some contacts at the institutions and will forward them onto me to contact.
Then we can go after the big institutional investors and see if they will come on side.
The lawyer is going to e-mail me with a summary of his views and our meeting which I can forward on to those people whose details I ha