RTC Group (AIM: RTC) governance challenge — Shareholder David Stredder calls for change

ShareSoc director David Stredder, a 5.08% shareholder in RTC Group, argues in a detailed Section 314 statement that RTC’s board has drifted far from the governance standards expected of an AIM‑listed company.  

He highlights concerns including the combined Chairman/CEO role, a lack of genuinely independent non‑executive directors, weak remuneration oversight, excessive directors’ pay and minimal shareholder engagement. Citing the 2025 Annual Report and recent press coverage, Stredder highlights a sharp rise in director pay, despite limited transparency and performance justification. He argues that this governance deficit is harming RTC’s credibility, visibility, and long‑term value. 

To address this, Stredder has proposed two shareholder resolutions at the AGM on 27th May 2026. The resolutions seek to appoint Paul Hooper as Chairman and Gerard Oates as an additional independent NED. Stredder maintains that both candidates are highly experienced, genuinely professionals capable of restoring balance, proper oversight, and accountability to the board. 

Stredder’s initiative has been met with opposition, hindrance and legal challenge by an entrenched RTC board. The company initially refused to process the Section 314 statement on the basis that Stredder holds his shares via a nominee. It is currently refusing to provide Stredder with a copy of the shareholder register on similar grounds. 

Stredder urges shareholders to vote in favour of Resolutions 10 and 11, emphasising that he is not seeking to remove existing directors, but to strengthen the board and to increase its independence.  

You can read Stredder’s full explanatory statement in the related RNS. 

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