DX (Group) has confirmed that Gatemore Capital Management, which owns 11% of the Company's shares, has requisitioned a general meeting proposing to replace Non-executive Directors Bob Holt and Paul Murray with Ron Series, Paul Goodson, Russell Black and Lloyd Dunn.
The requisition further proposes that Ron Series be appointed as Chairman of the Company.
DX added that if these resolutions are passed, all of the Company's Non-executive Directors will have been proposed by the Gatemore.
At 2:10pm: (LON:DX.) DX Group Plc share price was +0.31p at 8.81p