Originally Posted by
SWBKCB
So how does this work - last time I checked, 51% was greater than 49?
In fact the Stobart Air Employees Trust controls 60% of the voting rights and Stobart Group 40% according to press reports. This arrangement appears to have been set up in February as a means of complying with EU ownership rules post-Brexit when Connect appeared still to be viable. I have no idea how successfully it will work in practice. Careful selection of trustees perhaps ? And what is the ownership of Propius Leasing in the aftermath of these changes ?