CustomVis shareholders reject board coup

The Perth-based chairman and chief executive of London-listed technology company CustomVis have survived a board spill requisitioned by a group of shareholders and former directors.

At a meeting in London yesterday, shareholders rejected resolutions to remove company founder and chief executive Paul van Saarloos and chairman Simon Carroll.

The dissident shareholder group had called for the appointment of three replacement directors, including former managing director Simon Gordon and ex-finance director Hugh Grant.

The group represented the interests of Mr Gordon, former chairman William Colvin and former executive director Mukesh Jain, with whom the company is in a legal dispute.

CustomVis is currently commercialising an innovative laser eye technology, but is still losing money eight years after being established and six years after listing on the London's Alternative Investment Market.