Belgian company Unifiedpost has been struggling with poor performance in recent years, according to Marc Coucke, the largest shareholder in the company through his holding company Alychlo. Coucke is calling for change and demanding the resignation of two directors.
Coucke has expressed disappointment with Unifiedpost’s consistent failure to meet expectations and goals, falling behind both the sector and comparable companies. The company’s share price has plummeted more than 80 percent since its IPO in September 2020.
In response to these concerns, Alychlo has proposed that two current directors be dismissed and four new directors be appointed. The appointment and remuneration committee at Unifiedpost will need to evaluate Alychlo’s proposals before the shareholders can vote on May 21.
Unifiedpost must take immediate action to address the issues raised by Alychlo and improve its performance in order to regain investor confidence. The board of directors will need to carefully consider Alychlo’s proposals and communicate their position to the shareholders. If successful, this change could pave the way for a brighter future for Unifiedpost.
