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Building Societies get together to fight off Hardern

Seven Building Societies are meeting to share information about identical demutualisation proposals they have received from self-proclaimed carpetbagger Michael Hardern.


Harden who has failed to be elected to the Nationwide Building Society for two years in a row is calling for the companies&#39 board of directors to take immediate steps to convert to plc status.


Coventry Building Society has confirmed that Hardern has failed to achieve the requisite level of support under its rules.


The other six societies are continuing to check the validity of the applications.


Building Societies&#39 Association director general Adrian Coles says: &#34The building societies targeted by Hardern are meeting to share relevant information. The boards of all the societies targeted are fully committed to their mutual status.&#34

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