NEDs, otherwise known as Christmas Tree Decorations, having totally failed in their duties, and unlawfully overpaying themselves in the process, now want a pay rise. What is the point of A of A if they can just be overriden on a whim.
With conversion of 11m warrants, BOD must have the votes to yet their deal over the line. Question then, wiill Interserve be delisted as existing shareholders wont be taking up their rights at 15p if they have any sense.
There is a fifth: Coltrane take control of IRV by increasing their stake to 50% + 1 share, or by forming a concert group with the other top 5 shareholders which would take such a group over the 50 per cent mark.
The silence of the non Coltrane institutional shareholders is deafening.