David Hickey has resigned from his post as executive chairman of Lighthouse Group.
He decision to quit comes after shareholders voted against delisting the business from trading on AIM. While the proposal to delist was unanimously supported by the board, many key shareholders lobbied against the move. A statement to investors this morning said Hickey told the board he would step down shortly after the crucial shareholder vote on 31 July. It said: "David notified the board that, as the individual primarily responsible for liaising with shareholders, and continuing to believe that the AIM quotation was inappropriate for Lighthouse, it would be appropriate for him to...
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