Waterford sets date for EGM

TROUBLED luxury goods group Waterford Wedgwood has announced it will hold an extraordinary general meeting of shareholders on June 20 in Dublin’s Berkeley Court hotel.

The meeting is expected to approve technical motions in relation to the company’s proposed €100 million rights issue, which will fund a restructuring programme aimed at shedding 1,800 jobs across the group.

The issue will be fully underwritten by the company’s major shareholders, Tony O’Reilly and Peter Goulandris.