A major shareholder in maintenance contractor Mears has called for a general meeting to force chairman Bolt Holt to stand down.
German shareholder Frankfurter Aktienfonds fur Stiftungen, which hold 8.9% of the firm plans to table a motion for shareholder to voting on to remove Hol and appoint a new non-executive director.
Holt, aged 63, is also chairman of maintenance contractor Lakehouse and healthcare service provider Totally.
He built the then little known Gloucestershire contractor up from a £12m business with 83 staff, leading Mears’ flotation on the stock market in 1996, to today’s £900m group operating in the care and housing maintenance sectors with over 12,000 staff.
The general meeting will be held with 28 days.
from Construction Enquirer http://www.constructionenquirer.com/2018/07/05/mears-shareholder-moves-to-oust-chairman/
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