Fesco Group initiates extraordinary TransContainer meeting to reelect board of directors - source
MOSCOW. Aug 2 (Interfax) - The Fesco Transportation Group has initiated an extraordinary shareholder meeting at OJSC TransContainer to reelect the company's board of directors, a source familiar with the railway operator's activities told Interfax.
In all likelihood, Fesco is counting on "taking revenge" for the annual shareholder meeting, which culminated in the company getting a reduced presence on TransContainer's board of directors, the source said.
TransContainer said in a statement on the London Stock Exchange (LSE) that its board of directors has scheduled an extraordinary shareholder meeting for October 21.
The register closed on August 1.
The statement said shareholders will be asked to reelect the board of directors.
According to the statement, TransContainer convoked the meeting "following the request of a shareholder holding more than 10% of the company's share capital." Formally, only Fesco qualifies as this shareholder, with 23.7% of TransContainer's shares through its structures. However, unofficial information indicates that another shareholder, non-state pension fund Blagosostoyanie, has consolidated over 10% of its shares.
