Calls to refocus One 51 as ‘clean tech’ company

LEADING backers of the Philip Lynch-led investment vehicle, One 51, are calling for senior management to dispose of non-core shareholdings and re-focus the company as a dedicated clean technology (‘clean tech’) business.

A group of shareholders — led by former divisional head Gerry Killen — have begun lobbying smaller shareholders for support in their plan.

They wrote to shareholders at the weekend and are in the midst of also advertising, via the national press, their intention to use the company’s annual general meeting — in a fortnight’s time — as a springboard to try and force management into a change of focus.