Kazera Global Regulatory News (KZG)

24 Oct 2007 14:59

Worthington Nicholls Group plc24 October 2007 Worthington Nicholls Group Plc ("Worthington Nicholls" or the "Company") REQUISITION OF EXTRAORDINARY GENERAL MEETING The Board of Worthington Nicholls has received a requisition on 19 October 2007from certain shareholders of the Company holding not less than one tenth of thepaid up share capital of the Company, to hold a general meeting of the Companypursuant to section 303 of the Companies Act 2006 (the "Requisition"). The purpose of the meeting is:- 1. to propose separate resolutions to remove each of Alastair Stoddart, Christopher Neilson, David Levis and Stephen Mulligan as directors of the Company, and any other director appointed between the date of the notice and the conclusion of the Requisition, with immediate effect notwithstanding that the terms of their respective offices have not yet expired; and 2. to propose separate resolutions to appoint Ian Rodney Mann, Simon Delaval Beart and Thomas William Good as directors of the Company with immediate effect. The Board believe that the timing of the requisition is surprising given theannouncements on 19 September and 15 October 2007 of various Board changes, theneed to complete orderly processes of appointing a new Chief Executive andFinance Director and the Board's commitment towards completing a strategic andoperational review of the Company. In conducting these reviews, the Board is of the firm belief that it mustconsider a range of options, the aim of which is to enhance shareholder value.The Board is also committed to ensuring full consultation with shareholdersthroughout the process. In assessing any proposals, the Board will considerwhether they are in the interests of all shareholders. The Board will provide full details to shareholders and the Company's responseas soon as possible. Enquiries, please contact: Worthington Nicholls Group 0870 609 1829Alastair Stoddart, ChairmanChris Neilson, Finance Director Smithfield Group 020 7360 4900Reg Hoare / Will Henderson Blue Oar Securities 020 7448 4400Rhod Cruwys / Romil Patel This information is provided by RNS The company news service from the London Stock Exchange