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Boyzone singer Ronan Keating is one of those who were supported Andrew Tinkler, an evicted Stobart executive, then that Mr Tinkler was attempting yesterday to organize a coup d'etat at the annual general meeting of the British transport-energy group on the Channel Islands.
But the fate of company president, Iain Ferguson, whom Mr. Tinkler tried to reject, remained unknown last night.
Stobart, whose airline division manages Aer Lingus' regional service, said yesterday that the counting of votes for all resolutions presented at the AGA was still ongoing and the results would not be known yesterday.
At the Last Minute, a Guernsey Court Rejected Mr. Tinkler's Efforts to Obtain an Injunction Against Stobart Prohibiting Before the AGM held in Guernsey, Stobart's Chief Financial Officer, Richard Laybad, resigned, adding to the showdown the drama.
Last month, the Stobart group dismissed Mr. Tinkler. an acrimonious battle that led the two parties to launch a lawsuit against each other. In dismissing Mr. Tinkler, former Group General Manager, Mr. Stobart stated that he would initiate proceedings against him for alleged breach of contract and breach of fiduciary duty.
Stobart brought a lawsuit of nearly £ 4 million (EUR 4.5 million) against Mr Tinkler, related to transactions with related parties. Tinkler sued Ferguson, Warwick Brady's chief executive and three other directors for defamation.
million. Keating tweeted last week that it's "absolutely outrageous what they say about our friend [Mr Tinkler] .It's without him." In another tweet, Mr. Keating described Mr. Tinkler as a "great friend," while Boyzone was giving the UK concert-goets last week and that he was publishing a picture of the group on Instagram with the man of the same name. ;business. Stobart Group, led efforts to overthrow Mr. Ferguson and replace him with billionaire Philip Day, the owner of Edinburgh Woolen Mill.
million. Tinkler had gathered shareholder support including Woodford Investment Management, held by fund manager Neil Woodford. owns 20pc of Stobart.
Invesco Perpetual, which is Stobart's largest shareholder with a 25% stake, was to support the group's management team at the AGM yesterday.
"No matter how you vote, there are extremely important principles at play," Ferguson told Stobart shareholders yesterday.
"It's not just about Stobart, but about the way companies are run for all stakeholders, shareholders, staff, and society."
Ryanair announced last month that it would build three planes at London Southend Airport. owned by Stobart.
Irish Independent
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