The Milroy Capital-led bid to overhaul the management of theAIM-listed explorer, first announced last month, is to be put to a vote at a generalmeeting of shareholders on 15 May.
Setting out its stall to take over the company, MilroyCapital – which owns about 4.7% of Wessex – pointed out that the explorer’sstock had collapsed by some 95% within the past two years.
“The
