Purplebricks investor loses battle to oust chairman

By David Parsley2022-12-19T12:18:00

Source: Shutterstock/James W Copeland

Activist investor Adam Smith has lost his battle to oust Purplebricks chairman Paul Pindar and replace him with industry veteran Harry Hill.

Pindar received the backing of 71% of shareholders to keep him in place, but a significant 29% of investors voted for his removal after Smith’s Lecram Holdings called a General Meeting to vote on the boardroom shake-up,

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