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Sports Direct AGM ends, result of chairman vote to come later
September 6, 2017 / 10:54 AM / 13 days ago

Sports Direct AGM ends, result of chairman vote to come later

SHIREBROOK, England Sept 6 (Reuters) - The annual shareholders’ meeting of Sports Direct has concluded with the firm saying the results of investor votes will be announced through the Regulatory News Service (RNS) later on Wednesday.

Chairman Keith Hellawell could be forced to honour a pledge to step down if a majority of independent shareholders do not back him.

Sports Direct is controlled by founder and 61 percent shareholder Mike Ashley. Ashley, who did not attend the meeting, is also the firm’s chief executive.

Hellawell declined to answer any questions from media after the meeting.

Reporting by Paul Sandle, writing by James Davey; editing by Kate Holton

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