Board brace themselves for EGM call

Michael Wilde and Rupert Lowe (back).
Michael Wilde and Rupert Lowe (back).
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SAINTS' directors are bracing themselves to hear from former chairman Rupert Lowe on Monday.

Lowe is poised to call an EGM that day in a bid to evict the current board and re-install himself and Michael Wilde in power.

The Daily Echo recently revealed that Wilde was contemplating a sensational U-turn and potentially siding with the man his regime ousted in June 2006.

Between them, Lowe and Wilde are said to speak for 46 per cent of the total Southampton Leisure Holdings PLC shares.

Lowe first contacted acting PLC board chairman Keith Wiseman a fortnight ago via a short phone call.

That has been followed up by an exchange of letters but Saints are still waiting for Lowe to fully explain his plans should he make a dramatic return to St Mary's.

As a result, they were unable to debate Lowe's possible intentions too much when the PLC board held their monthly get-together two days ago.

With directors knowing that 20 per cent of the shareholders probably wouldn't bother to vote, Lowe and Wilde - providing they did pair up together - would easily win any EGM.

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