Promethean burns cash on defence

PROMETHEAN, the private equity company chaired by Sir Peter Burt, yesterday revealed that dealing with a rebel shareholder’s attempt to wrest control of the company had cost it £280,000.

By The Newsroom

Published 9th Dec 2011, 00:00 BST

The Aim-quoted company, which is in the process of selling off its remaining investments, had to hold an EGM in September over resolutions brought by offshore investor Laminvest to replace directors.