Two directors have bowed to pressure from shareholders and stepped down from the board of Victoria Carpets amid a bitter boardroom battle.
Kidderminster-based Victoria has “reluctantly accepted” the resignations of non-executive directors chairman Nikki Beckett and Peter Jensen, who has both left the company.
The pair were identified by a consortium headed up by Alexander Anton as people who should be replaced as part of plans to seize control of the company.
The move came a day before a general meeting relating to the demands of the consortium, after the board admitted it was evident it would be unable to overturn the requisitioners’ demands.
Managing director Alan Bullock, speaking on behalf of the executive board, said: “It is with sadness that we as a Board and business have lost two such talented and experienced independent directors enabling the requisitioners to gain control of the board without still telling the vast majority ofshareholders their real strategy for the business.
“Through this requisition process, the requisitioners have only gained the support of a further three per cent of votes.
“These additional votes were, we believe, only garnered by the requisitioners bringing ‘inside’ a further institutional shareholder and discussing the requisitioners’ strategy for the business with them.
“It is a great shame that the requisitioners continue to keep the majority of Victoria’s shareholders in the dark as to their
It has been reported that Lady Katherine Innes Ker, currently a non-executive at rail company Go-Ahead Group is set to take over the role of chairman.