BWA Group Plc

March 31, 2011 08:00 ET

Result of Requisitioned Meeting

                                                                                                  31 March 2011
                                                 BWA Group Plc
                                           ("BWA" or the "Company")
                                        Result of Requisitioned Meeting

BWA  announces  that at the General Meeting of the Company requisitioned by Mr Peter Webb and held  today,  the
resolutions  to remove Richard Battersby and James Butterfield as Directors of the Company were  defeated.  The
resolution  to remove any person(s) appointed to the board subsequent to Mr Webb's requisition was not  put  to
the  meeting, as there have been no such appointments. The resolutions to appoint Peter Webb and Dwight  Mighty
to  the  Board  and  to  appoint  Peter Webb as Chairman were also defeated.  The  resolution  to  approve  the
continuation of the Company was passed.

Richard Battersby, Non-executive Chairman, commented after the meeting

"We  are  delighted  that  the  requisitioned  resolutions were defeated  but  disappointed  to  have  incurred
unnecessary  costs.  The  Board of BWA has worked hard, without remuneration, to source  suitable  large  scale
acquisitions and has considered over 40 such opportunities to date. Over the last twelve months the  Board  has
continued  to  focus  on  maintaining shareholder value and made a number of small  investments,  some  already
successfully realised.  This has enabled the Company to deliver profits for shareholders and generated cash for
the  six months ended 31 October 2010. We expect to be able to report continued progress at the Company's  year
end,  although  the exceptional costs incurred in connection with this meeting will have an impact.  With  this
meeting  now  behind  us  the Board can again concentrate on its investment strategy  to  maximise  shareholder

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