http://www.cse.lk/cmt/upload_cse_announcements/6611303894827_.pdf
News Item :
Hayleys Ltd, the big Colombo conglomerate, informed the Colombo Stock Exchange on Wednesday that one of its independent, non executive directors will not be standing in ‘for re-election’ at the AGM in June.
It said Trevine Jayasekera had informed the Hayleys board of his decision, though he is entitled to be re-elected.
The announcement comes amidst recent media reports that powerful shareholders Dhammika Perera and Nimal Perera (non related but working together) were not happy with the independent directors on the board and would vote against their re-election. The duo controls 30% in the company and is seeking to raise it to 50 %. – Ends -
http://www.sundaytimes.lk/index.php/news/6869-hayleys-director-says-not-seeking-re-election
Last edited by Quibit on Wed Apr 27, 2011 7:42 pm; edited 2 times in total (Reason for editing : added News Item.)