ONE of Town's would-be directors has insisted tomorrow's Extraordinary General Meeting will not degenerate into a bitter finger-wagging exercise.

Bob Holt believes it is important that Town's shareholders take advantage of their democratic rights but has warned the chairman of the meeting does not have the power to discuss items other than the one on the agenda the election of new directors.

The meeting is seen as a mere formality in some quarters due to one man, Sir Seton Wills, holding the majority of the club's shares.

He is expected to back Holt and the other would-be directors.

Although confident of success Holt is adamant that shareholders will have their chance to air their views.

He said: "I should stress that the High Court has only permitted one item for discussion.

"We are not at liberty to get into a situation where people start talking about all sorts of other issues and making claims about who did what, when and to whom.

"But the chairman will set aside a period for questions before a vote is taken."

The meeting will be chaired by Nick Prescott, the man whose court case successfully removed Danny Donegan from the chairman's seat.

The 29-year-old marketing consultant is one of the other names put forward for election.

He is joined by former jockey and television pundit Willie Carson and Wendy Godwin, the wife of former Town director the late Peter Godwin.

Mike Squires is proposed as company secretary.

How the election of an interim board will effect director of football Roy Evans and chief executive Pete Rowe is not clear.

Mr Rowe said: "We will observe the legal process and then see what happens.

"As for after Friday, I haven't a clue."

The EGM will take place in the Winners Lounge at the County Ground, starting at 10.30am.

It is expected to last about an hour.