Shell company Feedback’s two largest shareholders, who own a majority of the shares, have joined the board.
Tom Charlton was a non-executive director of Feedback between January 2003 and November 2004 and he has been a shareholder since 1997.
At the end of last year, Charlton acquired the Pension Protection Fund’s stake in Feedback taking his shareholding in the shell to 26%.
Trevor Brown owns 29.9% of Feedback and he previously built up a stake in CareCapital and was involved in its transformation into cancer treatment technology services developer Advanced Oncotherapy.
At 0.88p a share, Feedback is valued at £1.16m.
Feeback’s investing strategy is the acquisition of a software and IT sector business that requires little additional funding.
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