Edition:
United States

FirstGroup Confirms Coast Capital Notice For Board Changes


Monday, 13 May 2019 02:00am EDT 

May 13 (Reuters) - FirstGroup PLC ::STATEMENT RE SHAREHOLDER NOTICE FROM COAST CAPITAL.COAST CAPITAL HAVE NOTIFIED COMPANY THAT IT HOLDS 9.77% OF COMPANY'S ISSUED SHARE CAPITAL.COAST CAPITAL PROPOSED RESOLUTIONS TO TAKE CONTROL OF BOARD BY REMOVING 6 OF 11 DIRECTORS AND APPOINTING 7 OF THEIR NOMINEES.SAYS "WILL CONTINUE TO ENGAGE WITH COAST CAPITAL HAVING ATTEMPTED TO DO SO CONSTRUCTIVELY FOR MORE THAN A YEAR".BOARD WILL BE WRITING TO SHAREHOLDERS REGARDING REQUISITION NOTICE IN DUE COURSE..