60% of Payzone shareholders call for EGM to remove two executives
The company made this claim via a stock exchange announcement, yesterday.
Its shareholders are expected to be contacted within the next 21 days and the EGM is expected to take place early next month. The Payzone board has also received notice from controllers of 10% of the company’s share capital — basically Mr Nagle, himself — calling for an EGM for the sole purpose of removing chairman Bob Thian from the board of directors.