MP resists sacking by Hoskins board
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.DAVID SHAW, non-executive director of Hoskins Brewery and MP for Dover, is refusing to accept his dismissal by the board.
He believes the directors are acting beyond their power in sacking him. Yesterday's stand is the culmination of a weekend of clashes.
Hoskins first said Mr Shaw had resigned on Friday. Over the weekend Mr Shaw said he was not leaving. Yesterday Hoskins said: 'Mr Shaw was removed as a director under powers given to the directors under the articles of association.'
Relations between Mr Shaw and the board of Hoskins have soured over the approval of a deal that proposes that control is taken over by Adam Page, the leisure entrepreneur.
The plan envisages that Hoskins' pubs will merge with three nightclubs owned by Mr Page. Mr Shaw says insufficient financial information has been published.
Hoskins' shareholders have been offered 55p a share in cash. Mr Shaw is happy to recommend the cash terms, but believes he also has a duty to the underwriters who may be left with shares in Mr Page's private company, Swithland Estates.
Information about Swithland, Mr Shaw maintains, is insufficient. He has written to the Stock Exchange, the regulator in affairs of this kind, but has yet to receive a reply.
Mr Page said Mr Shaw was dismissed because he was blocking the deal. He added: 'He clearly does not understand the business.' The Hoskins board was also unhappy that Mr Shaw had approached the Stock Exchange without its knowledge.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments