Shareholders of van Eyk Three Pillars (VTP) have voted to oust all the listed investment company's board members and replace them with executives of financial planning group Dixon Advisory (Dixon).
At an extraordinary general meeting (EGM) yesterday morning, VTP shareholders voted to remove VTP managing director Mark Thomas, VTP Management director Cameron McCullagh and independent directors David Iliffe and Andrew Grant.
Dixon executives including Alan Dixon, Alex MacLachlan, Chris Brown and Chris Duffield will now manage VTP at a board level.
The EGM was requisitioned months ago by over 100 VTP shareholders, led by Dixon, who have criticised the performance of VTP's shares.
Shareholders also approved the extension of an on-market buyback of about 25 per cent of VTP's stock at the meeting.
