LIFFE AGM and Board Elections

Shareholders of the London International Financial Futures and Options Exchange (LIFFE) approved the Directors' Report and Accounts for 1998 at its Annual General Meeting (AGM) held on May 20. At the AGM, ten directors retired and three directors were elected (two being retiring directors who were re-elected and one being a new director). This follows the vote at LIFFE's Extraordinary General Meeting (EGM) on 14 April to reduce the number of directors elected by shareholders from 17 to 10, reducing the total number of Board members to 15. The following were elected to the Board to serve for three years: Roger Barton (elected), Goldman Sachs International; Richard Berliand (re-elected), J P Morgan Securities Ltd; Gedon Hertshten (re-elected), GH Financials Ltd. The following Directors retired: Gary Anderson, Deutsche Bank AG London; Clara Furse, Credit Lyonnais Rouse Ltd; David Hands, ADM Investor Services International Ltd; Michael Overlander, Sucden (UK) Limited; Peter Regas, Independent trader; David Stuart, Sussex Futures Ltd; John Sussex, Sussex Futures Ltd; Anthony Ward, Armajaro Securites Ltd.