State’s largest private residential landlord has committed to carrying out its own strategic review, which may yet lead to a sale or break-up of company. The company defeated an attempted boardroom coup at an extraordinary general meeting (egm) on Friday, as investors voted against a plan by an activist investor to replace five directors and secure a mandate to pursue a sale or break-up of the business.
However, the largest private residential landlord in State has pledged to proceed with a strategic review of its own, which will also look at a sale option, and provide feedback to investors before its annual general meeting on May 2nd. Almost 60 per cent of votes at the egm were cast against resolutions put forward by the activist investor Vision Capital to replace four of the five directors, including chairman Declan Moylan and chief executive Margaret Sweeney. A lower level of 53 per cent voted against Vision’s plan to replace group chief financial officer Brian Fagan
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