Photo-Me shareholder considers EGM withdrawal

Tensions over the possible break-up of photo booth firm Photo-Me eased today after a rebel shareholder said it may drop its call for a special vote.

Principle Capital will not enforce its demand for an extraordinary general meeting if Photo-Me commits to an announcement by August 15 on whether it intends to press ahead with the disposal of its vending division, which comprises photo-booths and digital media kiosks.