The former IT giant is set to emerge from the doldrums as a clean energy solutions company, however Acquisitor Holdings, which holds over 16% of its shares, attempted to remove the board in protest at the new strategy.
They want Tottenham Hotspur Football Club vice-chairman and business turnaround expert David Buchler as chairman, and Acquisitor chairman Duncan Soukop as interim chief executive.
The board clung onto their jobs by a narrow 0.1% margin when voting took place at the extraordinary general meeting last Friday.
However Acquisitor has served Baltimore a notice to table a resolution in its forthcoming AGM to remove the entire board again.
Acquistor Holdings has set up a website to highlight their campaign at www.baltimoreaction.com.
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