Wednesday, 8 June 2016

Non Fiducia

Following a stormy Kilmarnock Football Club Annual General Meeting in April, where director and former Chairman Michael Johnston was a target for the wrath of the fans, many of the angry shareholders are now petitioning the club to hold an Extraordinary General Meeting to have Johnston removed; which in their view will encourage fresh investment and afford the rest of the board a clean slate and a better foundation to build from. The dramatic decline in attendances at Rugby Park is officially the worst in the SPFL with many long standing sponsors also feeling ostracised, there now appears to be a consensus in the Killie community that for Lee Clark and his squad to have the best chance possible of turning things around next season then the time for change is now.

A representative of the concerned group, Michael Higgins, stated: "We have secured a written mandate from over 15% of the club shareholders and have verbal confirmation of support from more than 5% of the company shareholding. This is above the threshold required to force the board to call an EGM to discuss any matters that we request. We are currently in discussion with our solicitors to ensure that all mandates are recorded in writing and that the agenda for the EGM is correctly defined. We expect the primary matter to be a shareholder vote of no confidence in Michael Johnston continuing in any capacity at the club: as Company Secretary; Director or Club Solicitor. We are unable to make any further comment at this time."

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