Western Gate Private Investments Makes Response to Result of Stock Spirits' AGM
"We welcome the appointment of both independent candidates to the Stock Spirits Board and thank fellow shareholders for their support. We see no reason why the company should use company resources to appoint a further two non-executive directors in addition to the two elected today by shareholders. ISS, Glass Lewis, PIRC and Heidrick & Struggles consider Randy and Alberto to be independent. Today's AGM result has delivered a clear mandate for change to address the performance and strategy issues which have been highlighted, and we would like the Board's focus to be on this."
Western Gate Private Investments Limited www.westerngate.eu
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