Stock Spirits shareholder calls for chairman’s removal

Shareholder Western Gate has called for the removal of Stock Spirits’ chairman and senior independent director over concerns regarding “significant shareholder value destruction”. Western Gate – which owns a 10% stake in Stock Spirits, making it the company’s biggest shareholder – has said it will vote against the re-election of chairman David Maloney and senior independent director John Nicolson at the upcoming AGM (annual general meeting). The investor argued that the board needs a “new…

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