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The surviving board is reportedly now planning to shut the company down and sell off its assets, and seek interest for a backdoor listing.

Chapman survives leadership spill at 1-Page

Perth-based director Andrew Chapman has survived a leadership reshuffle at tech company 1-Page after shareholders voted to keep him on the board but remove co-founder Joanna Riley as a director.

Shareholders also voted in favour of keeping executive chairman John Fennelly, based in the US, Sydney-based director Tod McGrouther and Hong Kong-based director Michael Shen on the board at a meeting today.

Mr Chapman, whose Nedlands-based Merchant Funds Management is a major shareholder, gave notice to Ms Riley in March that it would seek to remove her from the board at the general meeting, with the surviving board to take control of the business and its $30 million of cash.

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1-Page (1PG)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Share Transactions

06/03/15
$0 Bought
06/03/15
$0 Other
09/10/14
$25k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-1-Page$1.1m
76 listed non wa companies ranked by revenue.
Source: Morningstar

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