Late last night at no-one-is-watching o’clock and then some (6.37 pm) Lakehouse released a statement which was signed off by PR firm Camarco. Perhaps it would have been better to insist on this occasion not to. I just hope that what follows will be addressed and corrected, for if it is not then woe betide the company.
Having IPO’d on the main market at 89p per share less than two years ago, support services group Lakehouse (LAKE) has announced a proposed move to AIM (along with a “New Contract Win & Update on Trading”)…
Having announced an EGM climbdown earlier this week, asset and energy support services company Lakehouse (LAKE) has informed that CEO Stuart Black has now, in line with his contractual obligations, provided six months' notice to resign as CEO. Perhaps not a surprise with the EGM requisitioners having stated they did “not believe that the board has a firm grip on the company and its prospects”…
Having earlier this month stated on Steve Rawlings “does not believe that he has the necessary skill set to be able to provide a meaningful contribution to the board or the group going forward”, Ric Piper “workload… gives rise to the board’s concern as to whether he would be able to devote sufficient time to the company” and Robert Legget “the relative lack of recent listed company board experience”, Lakehouse (LAKE) has now announced “Steve Rawlings, Ric Piper and Robert Legget will join the board as new non-executive directors… it is the intention of the new board to appoint Ric Piper as Chairman and Robert Legget as the Senior Independent Director”. Quite the climbdown! …
Ahead of a 19th April-scheduled EGM and including and in response to a statement last week from “the requisitionists” (Slater Investments and Steve Rawlings), Lakehouse plc (LAKE) has published a letter to its shareholders…
Following UK public sector and regulated markets-focused support services company, Lakehouse (LAKE) calling a requisitioned General Meeting for 19th April and putting forward its reasons for a “unanimous recommendation to vote against the resolutions”, I noted that it will be interesting to see how the requisitioners (Slater Investments and Steve Rawlings) formally respond. They have now done so…
Earlier this month I commented on Mark Slater driving for boardroom change at Lakehouse plc (LAKE) following an abrupt profit warning from the company last month. The requisitioned General Meeting has now been called for 19th April and the board has put forward its reasons for a “unanimous recommendation to vote against the resolutions”. Let’s take a look…
Having listed at 89p per share less than a year ago and updated in its December-published annual report that “the board remains confident of its expectations for the current year and the future”, shares in Lakehouse plc (LAKE) crashed on the back of a 1st February “Trading Statement” including that “the group now expects the financial outturn for the current year to fall short of its previous expectations and to see a reduction on last year's profit level”. Now Slater Investments and Steve Rawlings have requisitioned an EGM to remove the non-executive directors and replace them with Rawlings, Ric Piper and Robert Legget...
