TAD

Controversial former director of technology company Tadpole Technology (TAD) Steig Westerberg did not stage a remarkable return at last week’s AGM. Private investors had feared Westerberg, who has been the chief executive of the company’s troubled Streaming division, would use his 5.3% holding to oust the board.

Small shareholders, who own most of Tadpole’s 400 million shares, had been appeased after Westerberg was booted off the board in September. They are willing to give new Streaming chief executive Peter Bondar a shot at resurrecting the business arm and turned out last week to support the board against a potential Westerberg offensive.

As it happened, all resolutions to re-elect board members were passed by a show of hands with no challenge from the floor. About 30 private shareholders attended the meeting in London and leader of the Tadpole Shareholder Action Group David Channon says another nine investors had elected him to vote on their behalf. Speaking after the meeting Channon, 55, a company director himself from Wimbledon, London, says: ‘Bondar certainly seems committed. There’s quite a buzz about the division.’