Speedy Hire says Jan Astrand to continue as chairman

September 9, 2016 12:30 PM

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Sept 9 Speedy Hire Plc said its Executive Chairman Jan Astrand would continue in the role, after shareholders voted against a resolution by its largest stakeholder to oust him.

Toscafund Asset Management LLP, which owns a 19.44 percent stake in Speedy, called for Astrand's removal last month, saying he was "indecisive as a business leader" and that he had failed to consult with shareholders about key board appointments.

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