An attempt to appoint five new directors to the board of directors at the Extraordinary General Meeting (EGM) of Blue Diamonds Worldwide PLC (BLUE) failed to go through, a Stock Exchange filing said.
The appointments of these directors were rejected on the grounds that requisition to appoint them did not comply with a certain provision of the Companies Act.
The attempt to fill the directors’ posts was believed to have headed by E-Channeling PLC, as the company was trying to grab the control of Blue Diamond. E-Channeling had 13 percent stake in Blue Diamond as at June 30, 2011.
source - www.dailymirror.lk
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