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Vale shareholders get chance to oust current Board

 

Football News 24/7
According to reports in thePotteries today, Port Vale shareholders will get the chance to oust Vale's board at an Extraordinary General Meeting next month....on the same day as the club's AGM.

In an email to supporters club members yesterday Solicitors George Green announced that Tuesday, March 13 is the date for both meetings.

​The EGM and AGM will be run as one meeting and will include all the resolutions submitted by the supporters' club and the board.This includes resolutions calling on shareholders to remove directors Perry Deakin, Mike Lloyd, Peter Miller and Glenn Oliver and replace them with an interim body.

Vale have yet to reveal what they will add to the agenda. But with its constitution requiring a minimum of four directors, the club is likely to put at least two candidates up for election to replace Oliver and Deakin, who are both committed to stepping down.

It is understood shareholders will be asked to vote on all of the resolutions at the same time at the EGM.

Vale must give the club's 900-plus shareholders at least 14 days' notice of the EGM, though a time for the meeting has yet to be announced.

Supporters' club chairman Pete Williams said: "I'm pleased the club have had the sense to finally call the EGM.

"Now I would urge all shareholders to support our resolutions.

"Due to the board's bad management, which means the club's finances are so tight, we requested the EGM take place on the same day as the AGM to save costs."

JB

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