Author: Jonathan Symcox

The fight for control of Physiomics plc has turned nasty ahead of a showdown vote later this month.

Last week the firm’s chairman Dr Jim Millen was accused of “personally derailing” a boardroom coup led by activist investor Michael Whitlow, and of “throwing his fellow directors under the bus at every opportunity to cling to control”.

Towards the end of the week, Physiomics agreed to requisition a general meeting allowing shareholders to vote on whether to remove its entire board and replace it with new directors including Whitlow.

However the requisition notice included a stinging letter from Dr Millen which he used to attack the credibility of the proposed new directors.

Whitlow has responded to those claims with stinging criticism of the company’s board.