9 Mar 2016 07:00
9 March 2016
Lakehouse plc
("Lakehouse" or the "Company")
Requisition of General Meeting
Lakehouse announces that it has received from Slater Investments Limited and Steve Rawlings (the "Requisitionists"), together shareholders holding in excess of five per cent. of the paid up capital of the Company carrying voting rights at general meetings of the Company, a notice pursuant to sections 168 and 303 of the Companies Act 2006 (the "Act") requisitioning a general meeting of the Company's shareholders (the "Requisition").
The Requisition proposes resolutions that the three current Non-executive Directors of the Company be removed from the Board of Directors of the Company, to be replaced by Steve Rawlings, Ric Piper and Robert Legget. In addition, a further resolution is proposed to remove from office any person appointed by the Directors of the Company as an additional director pursuant to the Company's Articles of Association between the date of the Requisition and the conclusion of the requisitioned general meeting. As a consequence, if such resolutions are passed, all of the Company's Non-executive Directors will have been proposed by the Requisitionists.
The Board of Directors currently intends, in accordance with section 304 of the Act, to call such a general meeting within 21 days of the receipt of the Requisition and to provide for such meeting to be held on a date not more than 28 days after the date of the notice of such meeting.
Shareholders are advised to take no action at this time. Further announcements will be made in due course.
**ENDS**
Enquiries:
Lakehouse
Stuart Black, Chief Executive Officer
Telephone: 01708 758 800
Financial Public Relations
Camarco
Ginny Pulbrook
Telephone: 0203 757 4992