Activist investor demands resignation of Purplebricks chairman

Purplebricks

Source: Shutterstock/D. Pimborough

Activist investor Adam Smith has called on Purplebricks chairman Paul Pinder to resign after taking a 4% stake in the online estate agency.

Smith’s Lecram Holdings has been building a stake in Purplebricks since last month and is nearing the minimum 5% level that will allow him to call on the board to convene an extraordinary general meeting to discuss his demand for Paul Pindar to step down from the chair.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue