Unifiedpost Faces Turning Point as Alychlo Calls for Change and Demands Director Resignations

Alychlo, the largest shareholder in Unifiedpost through holding company Marc Coucke, has called for change and demanded the resignation of two directors. The Belgian company specializing in electronic invoicing processes has faced poor performance in recent years, falling behind both the sector and comparable companies.

Unifiedpost’s share price has dropped over 80 percent since its IPO in September 2020, prompting Alychlo to seek more influence as a 17.02 percent shareholder. On May 21, shareholders will vote on the removal of two current directors, including the chairman, and the appointment of four new directors.

The appointment and remuneration committee of Unifiedpost must now provide an opinion on Alychlo’s proposals. Afterward, the board of directors will inform shareholders of their stance on the matter. Changes in leadership are imminent as Unifiedpost navigates through this challenging period.

The future of Unifiedpost will be shaped by the decisions made in the coming weeks as shareholders weigh in on the direction of the company. Coucke’s call for change signals a turning point for Unifiedpost as it strives to regain market confidence and meet performance expectations.