CONSULTANCY firm Imaginatik could be heading for an explosive general meeting after its former chief executive demanded the right to air a string of embarrassing allegations.
Mark Turrell, who left the firm by mutual agreement in June, has called for chairman Matt Cooper and director Shawn Taylor to be axed and wants shareholders to vote for him to be reinstated.
City A.M. understands Turrell, who has called the meeting as the firm’s biggest shareholder with a 35 per cent stake, will make a number of allegations, including that the board was unaware of Cooper’s history of mental illness.
An Imaginatik spokesman declined to comment but a source close to the company said Cooper had been very open about suffering from acute anxiety, even giving an interview to a national newspaper.
Turrell also alleges he was constructively dismissed, claiming the firm threatened to put out a “highly negative” statement to the market regarding his personal life if he did not sign a separation agreement.
It is understood both sides have instigated legal action.
Imaginatik, which provides software consultancy services, says it is considering whether the request for a general meeting is valid and will announce its decision within 21 days.
A company spokesman said: “We are confident that if the resolutions set out are put to shareholders they will be defeated,” adding the meeting is “an unnecessary distraction and a waste of the company’s resources”.