BWA Group Plc

February 23, 2011 02:00 ET

Meeting Requisition

                                                                                               23 February 2011

                                                 BWA Group Plc
                                           ("BWA" or the "Company")
                                              Meeting Requisition
The Directors of BWA announce that they have received a request from shareholders representing approximately 25
per cent of the Company's issued share capital to convene a general meeting of the Company at which resolutions
will  be  proposed, inter alia, to remove Mr. Richard Battersby and Mr. James Butterfield as directors  of  the
Company  and  to  appoint  Mr.  Peter  Webb and Mr. Dwight Mighty to serve in  their  place.  The  shareholders
requisitioning the meeting are Mr. Peter Webb and family (14.9 per cent) and Webb Capital plc (9.9 per cent).

The Directors are disappointed that these shareholders have chosen to take this course of action. The Directors
have resolutely kept the Company's costs to a minimum whilst pursuing its agreed investment strategy and regret
the  material  costs  that may now be imposed on the Company and all its shareholders  in  complying  with  the
requisition notice.

It  is  expected  that a Notice of General Meeting will be issued in due course in respect of the  requisition.
However, shareholders are advised to take no further action until additional information has been published.

The Directors of BWA Group Plc are responsible for the contents of this announcement.

For further information please contact:

BWA Group Plc
Richard Battersby (Non-executive Chairman)                                07836 238172

St Helens Capital Partners LLP
Mark Anwyl or Duncan Vasey                                                020 7368 6959

Contact Information

  • BWA Group Plc