Signet chief attacks `flawed' tactics
Friday 21 April 1995
Rebel investors led by the UK Active Value Fund have already forced an emergency general meeting next month when shareholders will be asked to vote on plans for the break-up and sale of the group.
Yesterday the dissidents offered to waive £150m of dividend arrears in an offer that could be worth 20p a share to ordinary shareholders.
UK Active Value, led by Julian Treger, wants the company to seek valuations of Signet businesses including H Samuel and Ernest Jones. It offered ordinary shareholders 20p a share subject to the break-up value of the group exceeding £700m, plus 20 per cent of any proceeds in excess of £800m.
Mr Treger said: "Shareholders have a right to know the value of their businesses and this is the last offer we are prepared to make."
Signet chairman James McAdam said: "This is a transparent attempt by a small group of preference shareholders to justify what is now seen to be a seriously flawed resolution."
An analyst commented that Mr Treger was "looking at the world though rose-coloured spectacles".
Jo from Northern Ireland was less than impressed by Russell Brand's attempt to stage a publicity stunt
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
Shock poll shows voters believe Ukip is to the left of the Tories
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
New era of cheap oil 'will destroy green revolution'
Ukip founder Alan Sked and Nigel Farage 'begged Enoch Powell to stand as a candidate'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
iJobs Money & Business
£40000 - £470000 per annum + bonus: Ashdown Group: Java Developer / J2EE Devel...
£45000 - £55000 per annum + Benefits: Ashdown Group: An exciting opportunity h...
$125 - $175 per annum: Carlton Senior Appointments: Senior Wealth Manager In...
$200 - $350 per annum: Carlton Senior Appointments: Managing Producer Office...