Investor to call time on Purplebricks chair

Purplebricks

Source: Shutterstock/D. Pimborough

Purplebricks has until early August to eject its chairman Paul Pindar before activist investor Adam Smith calls an emergency meeting of investors to oust him, Property Week can reveal.

On Monday, Smith’s Lecram Holdings called on the Purplebricks board to replace Pindar and claimed “urgent action is now essential” to “restore the credibility of the company with investors”.

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