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Plantation slams attempts to come on board

25 July 1997
Plantation slams attempts to come on board

Plantation & General directors have slammed as opportunistic attempts by George Soros fund manager Nicholas Roditi to win a seat on the board of the tea grower.

Roditi has nominated former Bank of England deputy governor Rupert Pennant-Read and Derek Netherton, a director of St James Place Capital, as replacement board members. He wants to oust Mr Legg and chairman Selwyn Pryor. Roditi has secured the backing of the Italian group Codeleuf Insurance, which has 9% of the shares.

Roditis privately-owned firm Rovida International previously made a bid approach to Plantation which was rejected as too low.

  • The Daily Telegraph 25/07/97 page 32

    • Read more on:
    • News

    Plantation slams attempts to come on board

    25 July 1997
    Plantation slams attempts to come on board

    Plantation & General directors have slammed as opportunistic attempts by George Soros fund manager Nicholas Roditi to win a seat on the board of the tea grower.

    Roditi has nominated former Bank of England deputy governor Rupert Pennant-Read and Derek Netherton, a director of St James Place Capital, as replacement board members. He wants to oust Mr Legg and chairman Selwyn Pryor. Roditi has secured the backing of the Italian group Codeleuf Insurance, which has 9% of the shares.

    Roditis privately-owned firm Rovida International previously made a bid approach to Plantation which was rejected as too low.

  • The Daily Telegraph 25/07/97 page 32

    • Read more on:
    • News
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