12|11|2009 2:35 am EDT
Dark Blue Sea Directors Resign As Photon Group Takes Majority Ownership
Dark Blue Se
a [DBS:AX] and Photon Group [PGA:AX] announced today that several DBS board members have resigned. The director resignations come from Richard Moore, former CEO and most recently Executive Director, Vernon Wills, Chairman of the Board and Joseph Ganim, Director. Duncan Cornish has also resigned as DBS Secretary.
Photon Group now holds 80.2% interest in shares of DBS following recent acceptances of the takeover offers. DBS directors had issued a statement confirming their willingness to accept the offer and recommending shareholder acceptance on November 29th. The takeover offer closes on December 14th.
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4 Comments
Acro
December 11, 2009 @ 2:40 am EDT
Uh-oh. Is the Grinch taking over Christmas???
Andrew
December 11, 2009 @ 3:13 am EDT
Maybe I missed it, but I don’t see DBS on Photon Group’s website. They have some impressive properties and investments, but I did not see anything related to DBS which I might have expected with their previous ownership interests in the company.
Patricia Kaehler
December 13, 2009 @ 2:32 am EDT
Andrew — check back after the 14th..
Smile…
~Patricia Kaehler – DomainBELL
Mike Dew
December 14, 2009 @ 6:14 pm EDT
Adam,
I am a little late reading this, but thanks. It is nice to be able to keep up with what is happening with the large players.
Mike Dew – HeadlineDomains.com