Northgate PLC Update on General Meeting (5693U)
29 Marzo 2019 - 11:49AM
UK Regulatory
TIDMNTG
RNS Number : 5693U
Northgate PLC
29 March 2019
29 March 2019
NORTHGATE PLC
Update on General Meeting
On 12 March 2019 Northgate plc ("Northgate", the "Company" or
the "Group") announced that Crystal Amber Fund Limited ("CAFL") had
formally requisitioned a General Meeting of the Company. CAFL
proposed two resolutions; to remove the chairman and to appoint a
new independent director.
On 28 March 2019 the Group announced that its Chairman, Andrew
Page, had informed the Board that, after over four years with the
Company, he would step down from his role as non-executive Chairman
and from the Board with immediate effect. The Company has commenced
a process for Andrew's successor. Consequently, the first
resolution was then made redundant.
Northgate confirms that earlier today it received notice of the
withdrawal of CAFL's second resolution. Therefore, there is no
longer a requirement to hold the General Meeting of the
Company.
Northgate welcomes the withdrawal of the requisition notice by
CAFL and looks forward to continuing constructive engagement with
all shareholders, maintaining its high standards of corporate
governance and driving enhanced returns for all shareholders.
ENDS
For further information please contact:
MHP Communications +44 (0)203 128 8100
Andrew Jaques northgate@mhpc.com
Simon Hockridge
Ollie Hoare
Notes to Editors
Northgate plc is the leading light commercial hire business in
the UK, Spain and Ireland by fleet size and has been operating in
the sector since 1981.
Northgate's core business is the hire of light commercial
vehicles to businesses on a flexible or minimum-term basis, giving
customers the ability to manage their fleet requirements in a way
which can adapt best to changing business needs.
Further information regarding Northgate plc can be found on the
Company's website:
www.northgateplc.com
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END
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March 29, 2019 13:49 ET (17:49 GMT)
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