Shareholder calls for his removal
Wyevale is defending itself against calls for the removal of chairman David Williams in a shareholder coup attempt.
The garden centre group's board received a notice on behalf of major shareholder Laxey Partners for Williams to be replaced and for the appointment of Robert Ware as a director. The board has recommended to shareholders that they reject Laxey's request.
Meanwhile, Wyevale has announced it has received several expressions of interest in the company from parties including private equity houses.
This is the second blow to Wyevale's board this month, following chief executive Bob Hewitt's announcment on July 13 that he is to stand down.
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