UnifiedPost Group has responded negatively to major shareholder Marc Coucke’s proposal to dismiss the chairman and appoint four new directors. Coucke, who controls more than 17 percent of UnifiedPost through his holding company Alychlo, is seeking changes at the company that specializes in electronic invoicing processes. He believes that UnifiedPost has underperformed in recent years, leading to a decline in the stock price.
The company’s board of directors has already advised against voting on Coucke’s proposal as per a press release. There are concerns about the independence of directors such as Jürgen Ingels and Joris Van Der Gucht. The board has only given neutral advice regarding the appointment of Pieter Bourgeois. Additionally, the board has announced exclusive negotiations for the sale of 21Grams, a company with 89 employees that is active in Sweden, Denmark, and Norway and generated revenues of 83.2 million euros last year.
Overall, the situation at UnifiedPost Group is unfolding amidst shareholder disagreements and potential changes in leadership. Coucke’s demands for a shakeup within the company have been met with skepticism from the board of directors. The upcoming vote will determine the future direction of UnifiedPost, and investors will be closely monitoring the outcome.
