A group of investors have moved to block the £1m sale of WH Ireland’s wealth arm to Oberon Investments, ahead of the extraordinary general meeting on Thursday (9 October).
Shareholders accounting for more than half of WH Ireland's stock are expected to vote against the deal at the EGM. In a stock exchange notice today (8 October), WH Ireland said that, at this stage, "the proxy votes filed with the company's registrars indicate that the resolutions will fail but the actual outcome of the upcoming general meeting will not be known until the meeting has been held". Oberon Investments has been contacted for comment. According to Sky News, other buyers have expressed interest in acquiring WH Ireland's wealth arm if the Oberon deal collapses at the EGM. ...
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