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Van Elle shareholders support board

Shareholders in Van Elle almost unanimously supported the board in voting against proposals made by former chairman Michael Ellis to reshape the make up of the board.

Ellis had sought to be reappointed as a director and joined by his son in law Thomas Lindup.

Ellis also proposed that Robin Williams and other directors appointed since the company floated on the stock exchange last year removed from office. Former CEO Jon Fenton stepped down in November due to family issues.

The Ellis family hold a 20% stake in Van Elle and excluding these votes, 98% of shareholders voted against the proposals made by Ellis.

“The requisition has been an unnecessary and disruptive distraction,” said Van Elle chairman Adrian Barden. “We are pleased that all of the resolutions have been comprehensively rejected by shareholders.

“We can now get back to managing the business and delivering our long-term growth strategy for the benefit of all stakeholders.”

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