Management at Topps Tiles have overcome a bid by its biggest shareholder to get rid of the chairman and bring in two new board members.
Topps won overwhelming support at its AGM to defeat changes proposed by Austria-based investor MS Galleon GmbH (MSG) – which owns almost 30 per cent of shares in the tile retailer.
Topps chairman Darren Shapland said pretty much the only shareholders to vote for his removal were MSG.
