Baltimore shareholders to vote on company's future

SHAREHOLDERS in Baltimore Technologies meet in London today to vote on a proposal to return stg£10 million (€14m) cash to them.

The extraordinary general meeting will also vote on whether to oust the current board, headed by Bijan Khezri, and install nominees of its largest shareholder, the investment vehicle Acquisitor Holdings.

Acquisitor, which owns 26% of the company, will vote against the plan to distribute the cash, and given the size of its holding its chances of success are high.