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ICSGlobal schedules board spill vote for August 4

ICSGlobal schedules board spill vote for August 4

IT consulting company ICSGlobal (ASX:ICS) has scheduled for August 4 a vote on the board spill proposal lodged last month.

The board is unanimously recommending shareholders vote against the resolutions to replace directors Ross Bunyon and Geoffrey Lambert with James Canning and Tim Murray.

Directors have meanwhile proposed a selective buy-back of 4.8 million shares (around 2.8% of share capital) for $1 as part of the consideration for selling its USA business.

This resolution has the unanimous approval of the board.

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Tags ICTconsultantsICSGlobalshare buybackBoard spillJames CanningGeoffrey LambertTim MurrayRoss Bunyon

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