High Court refuses to halt 'closed' annual general meeting of Grafton Group

A Woodies DIY store in Cork

A High Court judge has refused to grant an order restraining the holding of a 'closed' annual general meeting of the builders merchants and Woodies DIY Grafton Group plc today Wednesday.

Mr Justice David Keane, in a ruling on Tuesday night, refused the injunction sought by Michael Chadwick, a former chairman of the group and its largest shareholder for reasons including other shareholders had not signalled any support for his bid to stop the meeting.