“We feel co-op shareholders should have a say in the proposed joint venture,” co-op shareholder Paddy Casey said, noting that plc shareholders would be entitled to vote on any proposed deal. He also said he was confident that a resolution changing the rules would have the required support of two-thirds of shareholders.
Under the co-op’s rules a special general meeting may be convened by the board at any time on its own authority or upon a requisition addressed to the board, chairman or secretary signed by members representing at least 20 per cent of ordinary shares. If the board fails to convene a meeting within 30 days the members can convene one themselves.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: