The following transactions have been completed by Corvus and its Management Team
East Imperial Plc : Board Changes
Corvus Capital is pleased to have advised Taylor Partners, the activist shareholder of East Imperial plc (LON: EISB), alongside Strand Hanson, on Taylor Partner’s successful proposition to make a number of Board changes at EISB, in order to professionalise and improve corporate governance standards at the Company as they seek to execute their growth strategy. The changes were made only after Taylor Partners convened a hostile General Meeting, announced its concerns and intentions to the market, and garnered significant support from shareholders of the Company for its actions, along with formal Letters of Intent with regard to voting at the General Meeting.
Mark Taylor, Taylor Partners: “Corvus’ knowledge of the London Market, Listing Rules and UK Takeover Code enabled us to deliver the required board changes, ultimately without the need for a contested General Meeting, in order to best position East Imperial for future growth.”
Dr Andrew Regan, Chief Executive Officer, Corvus Capital: “We are pleased to have advised Taylor Partners on its successful proposition to make Board changes at East Imperial. We look forward to supporting the company as they seek to execute the growth strategy.”
www.eastimperial.co.uk
