Forager Funds’ Steve Johnson has had enough with the leadership of Bigtincan. After two years of rejected takeover proposals, dilutive capital raises and an 87 per cent fall in the tech company’s share price, the fund manager is trying to mount enough support to roll the board.
Mr Johnson has written to Bigtincan’s shareholders urging them to deliver a second strike on executive pay triggering a spill motion at its annual general meeting on November 29.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com