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TP Group – boardroom changes update, “additional capital” to follow?

Previously writing on engineering and consulting group TP (TPG), last month with the shares at 5.65p I concluded including suggesting many still do not see it as well placed and that it is likely still up against it for the 1st October-scheduled General Meeting. That was with General Meeting requisitioner and largest shareholder Science Group (SAG) seeking to replace Andrew McCree and Jeremy Warner-Allen as directors with Science Group Chairman Martyn Ratcliffe and non-executive director Peter Bertram. Following the General Meeting, there’s now a further update from Science Group.


TP Group – GM requisition notice, “a back-door attempt to take control”?

Previously writing on TP Group (TPG), last week I noted Science Group (SAG) considered that a boardroom change General Meeting requisition notice “should be despatched to TP Group shareholders by no later than Monday 6 September 2021 and convened on or before 4 October 2021. Science Group anticipates making further statements in relation to the TP Group general meeting in due course”. TP Group has now announced that the notice has been posted and its defence against the resolutions...

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