The investment group that wants to oust Headlam’s non-executive directors, including its chair, has upped its stake.
First Seagull has increased the number of shares it owns from 8,125,122 to 8,944,865: increasing its stake from 10.05% to 11.06%.
The move is likely to have cost FS about £303,000.
Both FS and Headlam insist they have the support of majority of shareholders, ahead of a general meeting which FS has called for.
