Shareholders at Prestbury EGM decide to keep FD

The finance director and chief executive of financial services company
Prestbury holdings have clung onto their jobs after shareholders decided not to
oust the pair.

Shareholders of the EGM had a 59% majority to keep FD Lynne Birkett and chief
exec Lee Birkett on at the Aim listed company.

The pair were given the all clear after the shareholders had called for an
EGM in late July. They were to consider the pair’s removal, citing lost
confidence in corporate governance standards.

Shareholders added that the company had suffered too many conflicts of
interest with certain member of the executive team.

41% voted to oust the pair with chairman Francis Maude and non-executive
director David Anderson, proposing that the board be restructured so that
directors do not have a majority.

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