News blog
Gladstone
- BY: Andrew Hore |
- POSTED: 08/01/2009 |
Constellation Software Inc has requisitioned an EGM at Gladstone in order to have its chairman and president Mark Leonard appointed to the board.
Constellation wanted board representation even before it launched its unsuccessful 25p a share bid for the membership and education software provider. Gladstone felt that it would be a potential conflict of interest and it still feels that Constellation has more to gain from this than other shareholders.
Constellation owns 29.99% of Gladstone.
At 21p a share, Gladstone is valued at £10.2m.
The date for the EGM is yet to be set.
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