The statement says,
There were several attempts made by some shareholders and other interested parties of Mackwoods Securities (Pvt) Ltd, to force three outsiders into the Board of Mackwoods Securities in a hostile move.
At a controversial EGM convened on 7th July 2016 for the purpose of appointing three unconnected persons, namely General DayaRatnayake, previous Army Commander, Shraepathy Attanayake, Director of Trico, and ManopriyaThittawella, to the Board of Mackwoods Securities the resolutions could not be put to vote as the requirements under the Companies Act had not been adhered to.
As such, the EGM was terminated without any business being transacted at the meeting. Accordingly the proposal to appoint the three above named persons to the Board ofMackwoods Securities did not materialise nor was the proposal for these appointments voted on at the EGM.
Consequently, Dr Chris Nonis instituted legal action against the above named three persons in the District Court Colombo on 8th July 2016 and Court proceeded to issue notice of this action on the three persons requiring them to show cause as to why the interim injunctions sought against these three persons should not be granted.
These incidents have also led to speculation regarding the Chairmanship of the Company, and for the purpose of providing further clarity on this matter Dr.Nonis reiterates that he is the Chairman of Mackwoods Securities at present and continues to serve as Chairman of the Company and further reiterates that all longstanding directors of Mackwoods Securities including , namely Dr. C. N. A. Nonis, S. M. A. Nonis, Lalith Fonseka and L. L. Samarasinghe, still remain on the Board.
The objective of unsuccessful attempts by the hostile Corporate raiders appears to be to gain control of Mackwoods and strip its assets. Having failed in their numerous attempts to achieve this objective to take over the control of one of Sri Lanka’s oldest companies the hostile Corporate raiders are now making desperate moves to raise wild and /baseless allegations and are engaged in a vicious smear campaign. against the Company and its Chairman.
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