Board Meeting Called for Vote on Replacing Directors

By Christian Moess Laursen

London, November 5th, 2022 - More Acquisitions has announced that its board of directors will be convening a shareholder meeting next month to discuss resolutions aimed at removing the current board. The London-listed special-purpose acquisition company received a requisition letter from shareholder Mike Whitlow last month, who holds a 6.48% stake in the company.

Shareholder Pushes for Change

Whitlow's letter requires the board to meet and consider resolutions to replace the current directors with two individuals of Whitlow's choosing. If approved, the new directors, Nicholas Tulloch and Jeremy Woodgate, would step in to replace Roderick McIllree and Charles Goodfellow.

Board Recommends Voting Against Resolutions

The board unanimously recommends that shareholders vote against all of the proposed resolutions. Executive Director Roderick McIllree emphasized the importance of this vote and advised shareholders to carefully consider their options.

Delays in Progress

McIllree further stated that the current directors have been actively working on several promising options for the company. However, these initiatives have been put on hold until the results of the upcoming meeting are determined.

Save the Date

The shareholder meeting is scheduled to take place on December 1st, 2022.