EGM planned to remove Easier directors

The directors of troubled cash shell Easier have been threatened with the chop by two major shareholders.

Link: IFRS and shares deal hit Old Mutual

Neville Buch and Gilbert Chalk, who hold a combined total of more than 10% of Easier shares, are seeking an EGM to remove Easier’s current directors, including major stakeholder David Gough.

Buch and Chalk would then replace the directors with themselves.

They have claimed that the company, which delisted from the stock exchange last year, has had no auditor since Deloitte resigned from the role last November.

‘It is anticipated that those seeking the EGM will send a circular to shareholders prior to the EGM setting out the background to the situation that the company faces currently,’ according to their statement.

Related reading