Omega board under attack

Invesco demands chair and others be ditched and replaced

Omega Insurance shareholder Invesco Asset Management has demanded the insurer convene a special general meeting to sack and replace key board members, including chairman Walter Fiederowicz.

Omega is trying to resist the move and to talk Invesco out of forcing a vote.

Demanded changes include:

that Walter Fiederowicz be removed from the Board of Directors of the Company;
that Christopher Clarke be removed from the Board of Directors of the Company;
that John Coldman be appointed a Director of the Company to hold office as a Class II Director in place of Walter Fiederowicz;
that James Bryce be appointed a director of the Company to hold office as a Class I director in place of Christopher Clarke;
that Robin Spencer-Arscott be appointed as an additional director to hold office as a Class II director of the Company;
that Jonathan Betts be appointed as an additional director to hold office as a Class II director of the Company;
that Ernest Morrison be appointed as an additional director to hold office as a Class I director of the Company; and
that David Cooper be appointed as an additional director to hold office as a Class I director of the Company.