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Rebellion grows at Signet

Rebellion grows at Signet

Directors of Signet, the troubled jewellery group, are coming under pressure from rebellious investors on both sides of the Atlantic to find buyers for the business. Sass Lamle Rubin, a US investment company, and UK Active Value Fund yesterday tabled a resolution calling for an extraordinary meeting of the group's shareholders.

The resolution calls upon the company's directors to identify potential purchasers for the UK and US businesses, to consider other strategic alternatives, and to present the best offers for the businesses for shareholders to vote on within three months of the meeting.