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Van Elle founder’s bid to return defeated

Van Elle

Van Elle founder and former chairman Michael Ellis’ bid to return to the firm’s board has failed.

Shareholders in the specialist ground engineering contractor had been asked to vote on proposals from Ellis, including the return of himself and former managing director Thomas Lindup, as well as the removal of current chief executive Jon Fenton.

Fenton previously announced in November that due to a serious medical matter within his close family, he will step down once a new chief executive has been found.

Van Elle said that, excluding votes attributed to holdings by Ellis and his family, more than 98% of votes were against his resolutions.

Van Elle chairman Adrian Barden said: “The requisition has been an unnecessary and disruptive distraction. We are pleased that all of the resolutions have been comprehensively rejected by shareholders.

“We can now get back to managing the business and delivering our long-term growth strategy for the benefit of all stakeholders.”

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