Peter MacLean invites 365iT Impera plc shareholders to vote – finally !
Buying a Business, Hi Tech News, Investing in a Business, M&A Companies, News, Raising Finance for a Business, Selling a Business December 7th, 2011Peter MacLean, who sometimes refers to himself as a Director and other times as a Non-executive Chairman of 365iT plc, has called a General Meeting for Ordinary Shareholders on the 12th December 2011 at 10.00 in the company’s offices’s at 4 Cartel Business Centre, Stroudley Road, Basingstoke, Hampshire, RG24 8FW.
This is to change the name of 365iT plc to Fox IT Holding plc and to re-register as a limited company.
Now, 365iT and Impera plc shareholders must be asking themselves how it is that they are invited to discuss and approve a change of name and company status but they didn’t get to vote on the sale of most of the companies that 365iT plc owned to LMS Capital; didn’t get to vote on who got their loan notes paid off and who didn’t and also didn’t get to vote on the fact that the name of the company would need to be changed to keep LMS Capital happy.
They were also not informed that these companies were being sold to LMS Capital at a time when approximately 37% of the shareholders ( known as the Raynes Party ) were asking that no further investments be made and the company split up. ( There will be a blog on what has happened at LMS Capital shortly ).
We can assume that MacLean thinks that he was acting within company law, the articles of association etc etc when he made all these decisions. Time will tell about that.
One of the good things about this General Meeting is that it gives oridinary shareholders the opportunity to meet one another and to discuss the recent events orchestrated by MacLean.
Business Health Warning !!
My advice to you for the future is:
Don’t invest in any company run by Peter MacLean.
Don’t sell your company to any company that MacLean is involved in.
The other ” Directors ” ( albeit non-executive ) of 365iT plc at the moment are Derek King ( also a Director of North West Equity and South East Growth Fund Managers Limited ) and Pieter Hooft ( also a Director of 365 ITMS Limited and others ). Presumably Mr Gourlay of Sussex Place ( and others ) has resigned ??
Presumably Hooft was the contact at LMS Capital that was agreeing to buy the 365iT companies that were sold whilst LMS Capital itself was being asked to stop investing and split itself up and sell each company. ( In fact this is now the agreed strategy for LMS Capital – no further investments and a split up asap ).
More as we get it ……
December 7th, 2011 at 9:47 pm
http://bizzy.co.uk/uk/05233564/365-it-plc
Director details for 365iT plc etc etc
March 14th, 2012 at 10:29 pm
PM is a horrible man to do business with….he has made no friends with all his back stabbings….3 failed marriages need I say more?
Got lots of dirt on him if any one wants – post here……
March 14th, 2012 at 11:50 pm
Thanks for your comment. Interestingly enough I have just been talking to a former Director of one of McLeans companies and we are due to meet up with another former Director to discuss him and his business practices, soon 😉
My contact details are on this site and yes, we are looking for any information that you have about him !!
Thanks and Regards,
September 26th, 2012 at 4:38 pm
As an employee who is now not working under Peter I can happily say he is one of the worst bosses I have ever worked under.
So many shareholders have lost money, so many nice decent people have nearly lost everything due to him.
Agree with Anon above, i have been told that he was caught cheating on his wife with one of his technical engineers initials MN…in his own home!
BE WARNED I STRONGLY ADVISE YOU NOT TO DO ANY BUSINESS WITH HIM – I HAVE NOT COME ACROSS ANYONE WHO IS HAPPY AFTER DEALING WITH THIS MAN!
September 26th, 2012 at 5:13 pm
Interesting stuff – Thanks !!