Esprit Telecom Group plc ADR - ESPRY Message Board

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Technology Stocks : Esprit Telecom Group plc ADR - ESPRY

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To: Alex Wulder who wrote ()	10/13/1998 3:40:00 PM
From: NewsTrader	of 30

(NewsTraders) -- A group including Gold & Appel Transfer S.A. said it sent a letter to Esprit Telecom Group (ESPRY) serving notice to require the company to convene a special meeting for the purpose of removing certain officers and directors, according to an amended Schedule 13D. The group, which holds 32,659,014 ordinary shares, or a 26.63% stake, wants to remove any director who has bee appointed since October 5. It also seeks the removal of David Oertle as CEO and director, John McMonigal and Dominic Shorthouse as directors, and Sir Robin Biggam as Chairman of the board. The group said it reserves the right to take further actions, including designating a majority of directors. The group recently purchased 52,500 ordinary shares at prices ranging from $18.00 to $22.13 per share between 9/2/98 and 9/24/98.

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