RAMcap and investors known to it have an aggregate interest in approximately 3% of YBR's issued capital. The executive managers of RAMcap met on Friday 17th August with two YBR directors to submit their preferred candidate as replacement chairman for Mr Bouris and for a reset of the YBR business.Our nominated independent chairman and mr Mark Bouris had their scheduled meeting today. According to our nominee chairman Bouris shall remain in the YBR executive chairman role,that he - Bouris- is in for a fight and that it will be messy. The proposed YBR reset would include replacing the present members of the board, a possible resetting of the brand and of the YBR product offering.One important RAMcap initiative- subject to a successful execution of the YBR reset plan in 2019- will be the commencement of the payment of ordinary dividends by YBR.The funds for such dividend will be part sourced from the termination of service contracts with Bouris related companies.
Now that MVT have emerged with an opportunistic takeover bid we are seeking your support to assist us .We would appreciate your views
YBR Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held