Van Elle suffers shareholder revolt at AGM
Van Elle, the listed Nottinghamshire piling giant, has been on the end of the shareholder backlash at its AGM.
Some 40% of shareholders voted against approving directors' pay, while the re-election of David Hurcomb as a director saw over 30% of shareholders' votes against the motion.
Meanwhile, a series of motions aimed issuing new shares to fund acquisitions were voted down.
The news will come as a blow to new Van Elle chief executive Mark Cutler, who took up the role in August and is the latest in a series of battles betwee... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
