Ronson steps up pressure on Crest

April 8, 2005
Heron has warned that it will vote against two resolutions at Crest Nicholson’s annual general meeting today. The 23.4% stake that Gerald Ronson’s Heron have in Crest is big enough to block the resolutions which require the backing of 75% of shareholders voting. Crest’s proposals would allow it to buy back up to 5% of its shares and give it …

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