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Shareholder Value Management Asks Mears To Remove Holt

A fund advised by Frankfurt-based value investor Shareholder Value Management AG, which holds 8.93% of Mears Group Plc’s issued share capital, has requisitioned an EGM to request the removal of the Group’s chairman, Bob Holt, and the appointment of a new, independent non-executive director (NED), Andy Hogarth. Upon the appointment of Mr. Hogarth, SVM urges the board to appoint him chairman in a timely fashion. SVM argues that the removal of Mr. Holt and appointment of Mr. Hogarth will create the right environment for the company’s CEO, David Miles, and his executive team to continue building the core business and improving...