Leicestershire firm forced to postpone shareholders meeting

Image Scan, the Leicestershire-based X-ray firm, has been forced to delay a meeting of its shareholders its largest shareholder voiced concerns over the firm’s acquisition strategy.

Image Scan announced that the General Meeting of shareholders scheduled for 7 August has been adjourned for 28 days to Tuesday 4 September 2018 following receipt of a proxy against the resolutions by its largest shareholder, Rise Step International Development Ltd.

In a statement to the London Stock Exchange, Image Scan said: “Rise Step have indicated broad support of the company’s acquisition strategy, but are concerned regarding the dilutive effect of the Placing. The company is seeking a meeting with Rise Step to address the concerns raised.”

Last month (July) Image Scan bought Todd Research, a Cambridge developer and manufacturer of X-ray systems from Supply 999 Holdings for £3.25m.