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Article: INM investors support board against O'Brien.
- Article from:
- Irish Independent (Dublin, Republic of Ireland)
- Article date:
- June 12, 2008
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INM investors support board against O'Brien
Support for series of resolutions is 'ringing endorsement' of key policies
Denis O'Brien, the dissident shareholder in Independent News & Media (INM), failed to gain significant institutional support in opposition to the INM board yesterday.
The annual general meeting (AGM), which was held in London, gave Mr O'Brien, who launched a similar attack on the company in Belfast last year, a second attempt to rally institutional support as he sought to block the re-election of directors and the adoption of the company's accounts.
Yet the voting pattern of shareholders suggests that not only did he ...