Meikles Limited held its Extra Ordinary General Meeting (EGM) on the 18th of December 2024 which saw directors leave the company after a fall out with major shareholder John Moxon.
The company has recently been in turmoil following major shareholder John Moxon’s (48.38%) complain about being sidelined when the board approved the decision to fire then Chief Executive Officer, Malcolm Mycroft and replacing him with his son, Matthew Moxon.
Aggrieved by the board decision, Moxon turned the swords against the directors calling an EGM to remove them from the company. With the EGM beckoning directors R. Chidembo, SP Cranswick, SJ Hammond, and JA Mushore resigned from the company. Shareholders voted for the removal of the directors.
The company appointed Fayaz King, Benjamin Ward and Marcel Golding to the position of non-executive directors of the company.
The removal and appointment of new directors puts paid to a protracted boardroom wrangle that threatened to weigh down the company.
