re nomination of directors

2 Nov 2007 17:31

Swallowfield PLC02 November 2007 Swallowfield plc (the "Company") Yesterday, 1 November 2007, the Company received a proposal from WesternSelection PLC of its intention to propose two non-executive directors in placeof Tony Wardell and Richard Organ. Richard Organ is retiring by rotation at theAGM and is seeking re-election. The Board is fully supportive of hisre-election and has recommended that shareholders vote in favour of theresolution to re-elect him as well as all of the other resolutions beingproposed at Swallowfield's AGM to be held on 8 November 2007. WesternSelection, which holds approximately 8.9 per cent. of the Company's issued sharecapital, is seeking to appoint David Marshall, its Chairman, and PeterGyllenhammar, who holds approximately 29.1 per cent. of the Company's shares, asnon-executive directors. The directors note that Peter Gyllenhammar and Western Selection consider thatthey must vote against Mr Organ while recommending strongly that the Board theninvites Mr Organ to rejoin the Board. The Company is firmly of the view that the Board is presently constitutedappropriately for continuing to implement the Company's strategy and advisestrongly to shareholders to vote in favour of Mr Organ's re-appointment andtherefore to support the Board's position. Enquiries: Ian Mackinnon, Group Executive Officer Tel: 01823 662 241Peter Houston, Group Finance Director Tel: 01823 662 241 Mike Coe, Blue Oar Securities Plc Tel: 0117 933 0020 This information is provided by RNS The company news service from the London Stock Exchange