April 25, 2017 / 6:51 AM / 3 months ago

BRIEF-Hornby directors says requisitioned resolutions are not in best interests

1 Min Read

April 25 (Reuters) - Hornby Plc

* Directors unanimously consider that requisitioned resolutions, as put forward by requisitionists, are not in best interests of Co

* Directors unanimously recommend that its shareholders vote against both of requisitioned resolutions to be proposed at requisitioned general meeting

* Following receipt by company of requisition notice, board sought views of its major shareholders.

* Directors intend to vote against each of requisitioned resolutions

* Board received irrevocable undertakings to vote against resolutions representing 53.96 per cent. Of issued ordinary share capital of company Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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