A spokesperson for Gresham Hotels group said an announcement on the date of the extraordinary general meeting is not expected until later in the week, despite reports that the announcement would be made this afternoon.
The spokesperson confirmed that the board of the company was meeting, but that no decision on a date for the e.g.m. was expected.
The meeting was called for by the Israeli group Red Sea Hotel Group, which is a 28 per cent shareholder in Gresham.
Earlier today, shares in the company jumped 17 per cent as news that an approach had been made which could lead to an offer for hotels.
A statement to the Irish Stock Exchange confirmed that an approach had been made, but that it was too early to say whether an offer would follow.
The approach is thought to have come from a consortium of Irish businessmen
The Red Sea Hotel Group last week demanded that the Gresham Hotel group hold an extraordinary general meeting, at which it proposes to remove four of the directors.
In a letter to Gresham requesting the e.g.m., Red Sea said it was seeking the removal of Mr Sean Henneberry as chairman and director, and Mr Patrick Bourke and Ms Laura Magahy as non-executive directors of the company. It is also seeking the removal of Mr David Bunworth as business development director.
It has also nominated three new directors for appointment to the board. These are Mr Pickel, Mr Harvey Soning, a UK property expert, and Mr Tom Byrne, a specialist in property finance and former head of Davy Stockbrokers.
As Red Sea has more than 10 per cent of the company, Gresham must agree to hold the e.g.m. within the next 60 days under stock exchange rules.