We would love to hear your thoughts about our site and services, please take our survey here.
14 days notice required for an EGM. Shareholders are getting considerable prior notice. I’d expect notice of the EGM to be served in the next few days to minimise any uncertainty. My immediate hunch is that any director embroiled in the fraud controversy would have resigned to avoid EGM embarrassment, unless they are disputing their culpability? So I’m hoping it’s re Alpala JV or other potentially fundamental investment or financial proposal.
Fair points rcgl2. I think this is probably old news and that the major shareholders were briefed and steps taken to resolve in private with as little fuss as possible. As usual the private investors are the last to know, but in this case there seems to have been no prejudice. As someone said maybe this is one reason NM was forced out. In additional the two major recent board appointee would definitively have been briefed on this presumably to their satisfaction before they agreed to join.
My view is that any bidder, if one comes, will be more than happy to have a local competent work force in place, it may even be a prerequisite to a bid partly as a commercial and partly as a political necessity.
I've got some queries:
1. The sum seems a significant proportion of the annual spend to slip through the net?
2. Why would £4m+ not have shown up as an extraordinary blip on the relevant year's accounts compared to others?
3. Who was CEO when all this was going on?
4. Maybe this has come to light as part of confidential due diligence going on?
I'm from Wiltshire and Arkells has always been an acquired taste as Addicknt says a lot of people find it undrinkable. Kingsdown Ale was always their best. There used to be a chap on the terraces of STFC who referred to a player called 'Bronco' Lane, who he said in a broad Wiltshire accent was as 'bald as a badger', my mates and I loved that and still say it. Apparently it comes from when badger's arses were shaved/plucked and the hair used from shaving brushes.
That WHU nerk should cheer himself up, watch this:
https://www.youtube.com/watch?v=Qe7jHqeEjSA