Unifiedpost, a Belgian company specializing in electronic invoicing processes, has been facing poor performance in recent years according to Marc Coucke, the largest shareholder in Unifiedpost through his holding company Alychlo. Coucke is calling for change and demanding the resignation of two directors.
Alychlo stated that Unifiedpost has consistently failed to meet expectations and goals, falling behind both the sector and comparable companies. The share price has dropped over 80 percent since the IPO in September 2020, prompting Alychlo to seek more influence as a 17.02 percent shareholder. Alychlo plans to allow shareholders to vote on May 21 on the removal of two current directors, including the chairman, and the appointment of four new directors.
Unifiedpost’s appointment and remuneration committee must now provide an opinion on Alychlo’s proposals after which the board of directors will inform shareholders of their stance on the matter. Changes in leadership are imminent as Unifiedpost navigates through this challenging period.
The future of Unifiedpost will be shaped by the decisions made in the coming weeks as shareholders weigh in on the direction of the company. Coucke’s call for change signals a turning point for Unifiedpost as it strives to regain market confidence and meet performance expectations.