Shareholder seeks vote to oust chairman of funeral provider Dignity
August Graham, PA City Reporter
11 March 2021, 12:45 pm
The biggest shareholder in funeral provider Dignity has launched an attempt to oust the company’s executive chairman as its share price remains squeezed.
A fund managed by Phoenix Asset Management Partners has asked for a vote on the future of the chairmanship, proposing its own founder and chief investment officer, Gary Channon, to replace Clive Whiley.
Dignity said it would respond to the request “in due course”, and urged shareholders not to make any commitments to Phoenix until the board had spoken.
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