We’ll meet again, says Kellan after conflicting finance proposals
28 June 2013
Recruitment group Kellan expects to host a further general meeting of the company to approve one of two offers from shareholders in the company to provide fundraising.
Fri, 28 Jun 2013
Recruitment group Kellan expects to host a further general meeting of the company to approve one of two offers from shareholders in the company to provide fundraising.
James McHugh, who holds just over 5% of Kellan shares, made his offer of £1.5m on Monday (24 June), as reported by recruiter.co.uk on Tuesday of this week, just days ahead of yesterday’s Annual General Meeting of the company.
But neither this nor a previous offer, made in March by 42% shareholder Paul Bell, were approved by the AGM.
A statement from the firm says that either transaction “will require a further general meeting of the company in any event”. At such a meeting further resolutions would also be proposed to give the firm’s directors the authority to allot ordinary shares in order for the deal to be sealed.
All other resolutions were passed unanimously.
Recruitment group Kellan expects to host a further general meeting of the company to approve one of two offers from shareholders in the company to provide fundraising.
James McHugh, who holds just over 5% of Kellan shares, made his offer of £1.5m on Monday (24 June), as reported by recruiter.co.uk on Tuesday of this week, just days ahead of yesterday’s Annual General Meeting of the company.
But neither this nor a previous offer, made in March by 42% shareholder Paul Bell, were approved by the AGM.
A statement from the firm says that either transaction “will require a further general meeting of the company in any event”. At such a meeting further resolutions would also be proposed to give the firm’s directors the authority to allot ordinary shares in order for the deal to be sealed.
All other resolutions were passed unanimously.
