TSX Symbol: GBV
BOUCHERVILLE, QC, March 12 /CNW Telbec/ - Groupe Bikini Village Inc.
(TOR: GBV) announces the calling of a special meeting of its shareholders to
be held at Boucherville on Thursday, May 10, 2007 at 10:00 AM. The meeting is
called at the request of Clarke Inc. ("Clarke"), a shareholder holding
approximately 11.5% of the shares of the company according to the information
filed on SEDI, asking for the appointment of two of its employees to the
company's board of directors.
As there is currently no vacancy on the company's board of directors,
Clarke's requisition entails that the number of seats on the board be
increased from six to eight. Since the number of seats on the board must be
set by the directors, they adopted a resolution providing that the number of
directors of the company will be set to eight as of the date of the special
meeting, provided that this increase is approved by the shareholders.
First, the company's shareholders will be asked to consider the board's
decision to increase the number of directors to eight. Second, provided the
increase is approved, the shareholders will have to elect two directors.
Persons other than the candidates proposed by Clarke could seek to fill these
The directors have fixed April 10, 2007 as the reference date for the
purposes of determining shareholders entitled to receive notice of the meeting
and to vote thereat. It is anticipated that the notice of meeting and the
accompanying circular will be mailed during the week of April 16, 2007.
ABOUT GROUPE BIKINI VILLAGE INC.
Groupe Bikini Village inc.'s swimwear division operates 56 swimwear
boutiques in Québec and Ontario under the Bikini Village and Océan Bikini
Village banners. The company employs approximately 400 people.
For further information:
For further information: François Taschereau, (514) 594-1813; Source:
Groupe Bikini Village Inc.