Day misses deadline for tilt at Stobart board
Esken Limited
0.07p
17:30 25/03/24
0.00%
0.00p
Retail guru Philip Day will not seek election to the board of Southend Airport owner Stobart Group, the company said on Wednesday.
FTSE 250
19,450.67
17:14 18/04/24
n/a
n/a
FTSE 350
4,334.00
17:14 18/04/24
n/a
n/a
FTSE All-Share
4,290.02
16:54 18/04/24
n/a
n/a
Industrial Transportation
4,083.27
17:14 18/04/24
-0.25%
-10.39
In a statement, the company said it Day had failed to notify the board of his intention to run the requisite seven days before an extraordinary general meeting (EGM) scheduled for July 18.
A boardroom tussle has been taking place over the last three months with ousted chief executive Andrew Tinkler trying to unseat chairman Iain Ferguson.
Ferguson held on to his post in a narrow vote last Friday.