Frasers Group plc (LON:FRAS) has published an Open Letter to the shareholders of boohoo Group plc (LON:BOO).
Recent events at boohoo should leave shareholders in no doubt – Mahmud Kamani, boohoo’s Executive Chairman, must go. Frasers has today requisitioned a further shareholder meeting of boohoo to give shareholders the opportunity to remove Mr. Kamani as a director of boohoo.
Frasers urges boohoo shareholders to vote to appoint Mr. Ashley and Mr. Lennon as directors of boohoo at the shareholder meeting which Frasers has requisitioned, with a meeting date set for Friday 20 December 2024. Frasers also urges shareholders to vote for the removal of Mr. Kamani when the Board convenes a separate shareholder meeting.
Frasers firmly believes that these appointments and Mr. Kamani’s removal are in the best interests of boohoo, its shareholders and its stakeholders.
