ULTANCY firm Imaginatik has been forced to call a general meeting after its former chief executive demanded the right to air a string of embarrassing allegations.
Mark Turrell, who the firm says left by mutual agreement in June, called the meeting as Imaginatik’s biggest shareholder, with a 35 per cent stake.
He is calling for Matt Cooper and Shawn Taylor to be axed as directors. He told City A.M. he will “focus on the abysmal financial performance” of the board, who he says forced him out of the firm.
Turrell says he has lined up a replacement board and will call for a vote to be reinstated as chief executive.
Sources close to Imaginatik told City A.M. the firm is confident it would win a vote even given Turrell’s holding. The board has urged shareholders to reject Turrell’s motions. The meeting will take place on 22 December.