Text  Larger | Smaller | Default


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   Sunderland 2-2 West Ham Utd [3rd Oct 2015]
   arrow   Carroll, Collins, Nolan & Shaw: Thursday's news [24th Sep 2015]
   arrow   Man City v West Ham Utd: half time report [19th Sep 2015]
   arrow   Liverpool vs West Ham Utd: half time report [29th Aug 2015]
   arrow   Liverpool vs West Ham Utd: live [29th Aug 2015]
   arrow   Arsenal vs West Ham Utd: half time report [9th Aug 2015]
   arrow   Jimenez, Nolan, Cresswell & Poyet: Saturday's news [8th Aug 2015]
   arrow   Post-match press conference: Marius Sumudica vs West Ham Utd [31st Jul 2015]
   arrow   Birkirkara 1-0 West Ham Utd (aet, West Ham win 5-3 on pens) [23rd Jul 2015]
   arrow   Peterborough vs West Ham Utd: half time report [11th Jul 2015]

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
The opposition view... Queens Park Rangers
Understandable miffed at going down 2-0 to the Hammers, Rangers fans had it...more
Three Years Ago
West Ham Utd 1 Arsenal 3
West Ham United fell to their first home Premier League defeat of the season - but gave their oppone...more
Five Years Ago
Grant on der Hammer blow
Avram Grant has confirmed that midfielder Tomas Hitzlsperger will be out of action until well into t...more