Purplebricks Group plc - Wilko, over and out… GM set for December 19th

Davy Research
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Activist investor Lecram Holdings has requisitioned a General Meeting (GM) to vote on two resolutions to remove current Chair Paul Pindar and appoint ex-Countrywide veteran Harry Hill. Chair is a tough gig and Pindar has presided over a disaster — it is time for change. It feels unlikely that Lecram will carry the vote, arguably victory is not winning, rather gaining a material level of support for the resolutions.