With EML Payments shares languishing near a record low at just 53¢, angry shareholders took the opportunity to vent their spleen at chairman Peter Martin at the company’s annual meeting in Sydney on Friday.

In a rare display of AGM activism, Martin’s re-election was narrowly vetoed by investors who demanded to know why he had both rebuffed takeover advances when the stock was trading markedly higher and sold shares two weeks before a downgrade in April, since which time EML has had little to celebrate.