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Originally published by Nation Businessbusiness
June 9, 2026
19h ago
Bharat’s plan to oust Scangroup board fails
The British multinational has voted its controlling shares to maintain the status quo...
✨ Key Highlights
Minority shareholders of WPP Scangroup, led by former CEO Bharat Thakrar, failed in their attempt to oust the existing board and install new directors at the company's annual general meeting.
- Top shareholder WPP Plc, holding 56.26% of the company's shares, voted against the proposed resolutions.
- The minority group, which included Bharat Thakrar, sought to replace nine directors with five new nominees, including himself.
- The move was motivated by alleged years of underperformance and destruction of shareholder value, highlighted by a net loss of Sh713.6 million in 2025.
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