BusinessCompany NewsShareholders line up Buchler to run Baltimore

Shareholders line up Buchler to run Baltimore

Board members of cash shell Baltimore Technologies have narrowly avoided an attempt by its largest shareholder to have them removed from their posts.

Link: New FD appointed at Baltimore

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.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor