Shareholders of 4Sight Holdings have demanded an explanation as to why a special meeting, which took place on 11 October to remove and appoint directors, was “improperly” and “unlawfully” adjourned.
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A special general meeting of 4Sight shareholders, at which the removal and election of a range of board directors was to be voted at, was called off prematurely on Friday.
A special meeting of 4Sight Holdings shareholders on Friday looks set to be a fiery affair after a leading director quit on Monday, describing his continued presence on the board as untenable.
Listed software group Adapt IT has delayed publication of its annual results to mid-October and warned of a fall in headline earnings per share.
Education technology company Snapplify has raised R30-million in “expansion capital” from Knife Capital via its Sars section 12J VC firm KNF Ventures and investment manager Hlayisani Capital’s Hlayisani Growth Fund.
Microsoft, the world’s largest software maker, said it will repurchase as much as US$40-billion of shares in a new buyback programme and boosted its quarterly dividend by $0.05 to $0.51/share.
Bill Gates, who knows a thing or two about antitrust investigations, doesn’t think it’s a good idea to break up the biggest US technology companies as some politicians have suggested.
Shares in Alviva Holdings rose almost 5% on Monday after the technology group reported full-year revenue up 17% to R15.9-billion. Headline earnings per share climbed 9% to R2.97.
As WeWork continues its stumble to the public markets, some prognosticators see this moment as something more significant: that a WeWork belly-flop portends the end of the unicorn era in Silicon Valley.
Prosus, which listed in Amsterdam just last week, is splitting opinion among the first investment banks to cover the stock.