Stobart Group reschedules annual meeting

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Stobart Group has rescheduled in annual general meeting to take place in 6th July at the St Pierre Park Hotel in St Peter Port, Guernsey.

The meeting was originally due to take place on 28th June but delayed in the wake of a boardroom row after director Andrew Tinkler indicated that he would oppose the re-election of chairman Iain Ferguson.

Philip Day, who owns Edinburgh Woollen Mill, has now been put forward to take over as chairman by a group of investors led by Andrew Tinkler.

Stobart Group still owns a 12.5 per cent stake in Eddie Stobart Logistics. Since the divestment of the bulk of its stake in Eddie Stobart Logistics, the group has focused on its aviation, energy and infrastructure businesses. Andrew Tinkler stepped down as chief executive last year to create a new business, Stobart Capital, which operates independently of the group. He remains a director of the Stobart Group.

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