Text  Larger | Smaller | Default

NewsNow

Brown calls Whistle's bluff


Filed: Wednesday, 19th November 2003
By: Graeme Howlett


Hammers Chairman Terry Brown has offered disgruntled shareholders the opportunity to oust him at an Extraordinary General Meeting, it was revealed today.

Brown this afternoon released a press statement via the club website in which he revealed that moves to raise a motion of no confidence in him and his board by the Whistle group at the forthcoming AGM were in vain, as any motions must be raised six weeks before a meeting.

Despite that Brown has offered his detractors the opportunity to call the motion to vote at an EGM, which would be specifically arranged for the one issue.

Brown's statement - which will have caught all by surprise - read:

"A Mr Mike Hanna, claiming to speak on behalf of a group of five shareholders in West Ham United plc calling themselves "Whistle" who collectively hold a total of 1,203 ordinary shares in the company (0.006% of the issued share capital), on Monday announced that his group had secured the support of sufficient shareholders to require a series of resolutions to be tabled at the company's AGM on 8th December 2003 proposing the removal of the three executive directors of the company, Terence Brown, Paul Aldridge and Nick Igoe.

"However the Companies Act 1985 stipulates that requisitions for members' resolutions must be deposited with the company no later than 6 weeks before the AGM. Mr Hanna appears to have misinterpreted the Act as the requisitions have not been deposited with the company within the correct time limit, and for this reason the resolutions proposed by Mr Hanna cannot be included within the business to be dealt with at the AGM.

"However, the company is prepared to facilitate a procedure whereby the resolutions can be voted on even though there is no obligation under company law for it to do so. The company has made an offer to Mr Hanna that it is prepared to convene an Extraordinary General Meeting to put the resolutions to shareholders.

"The company has made this offer in the interests of maintaining an open dialogue with all shareholders and because it does not wish to be seen to defeat Mr Hanna's proposals merely because of his failure to comply with the provisions of the Companies Act. The board will however vigorously defend its management record at any EGM so convened and is confident of winning the support of the vast majority of its shareholders.

"A further announcement will be made regarding the EGM once Mr Hanna has accepted the company's offer."

Quite clearly Brown remains hugely confident of winning any proposed vote - and rightly so, bearing in mind the vast majority of shares he and his allies command.

However, the offer of an EGM will be a surprise to many, who have accused Brown of avoiding adverse publicity in the past.

We'll have more for you on this story as it happens.





Related News

   arrow   Astra Giurgiu 1-1 West Ham Utd [18th Aug 2016]
   arrow   Good luck, Dimi! [10th Jul 2016]
   arrow   Award for Hammers journo [23rd May 2016]
   arrow   Payet, Gold, Noble & Cresswell: Friday's news [13th May 2016]
   arrow   The opposition view: Swansea City [8th May 2016]
   arrow   Come on the pitch, we'll cancel the party [3rd May 2016]
   arrow   West Ham Utd 3-1 Watford [20th Apr 2016]
   arrow   Everton 2-3 West Ham Utd [5th Mar 2016]
   arrow   Post-match press conference: Sam Allardyce vs West Ham Utd [27th Feb 2016]
   arrow   The opposition view: Blackburn Rovers [22nd Feb 2016]



Your Comments


Please note that this section is for comments relating to the above news item only. Any off-topic or abusive posts will be removed. Posts including either links and/or foul language are automatically filtered and will not be published. To engage in further discussion on any of our news stories, visit the KUMB Forums.

Not a member of the KUMB Forums? You may register for free membership here.

comments powered by Disqus
 
News Image




On This Day ...

One Year Ago
Diafra Sakho set for Anfield return
West Ham are hoping that Diafra Sakho will be fit enough to face Liverpool ...more
Three Years Ago
Roll with it
West Ham United have been likened to a Rolls Royce in a survey to ascertain what car best represents...more
Five Years Ago
Loan watch: week four
Jordan Spence got another 90 minutes under his belt this afternoon as Bristol City played out a 1-1 ...more