Brink pushes for AGM vote as BBS board resists

Reports from the ongoing AGM being held in Gaborone suggest board members told shareholders that the meeting was irregularly called and insisted on an adjournment. The directors are said to have left the meeting, while shareholders remained behind and vowed to proceed with the agenda.

Brink, whose family holds 17% equity in BBS Ltd, secured an 11th hour order from Justice Michael Leburu restraining the board from adjourning the AGM. The rule nisi also makes the AGM resolutions binding on all parties.