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Examples
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Alan Morcombe, the under-pressure chief executive of the betting shop software provider Alphameric, is stepping down.
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Alan Morcombe, the under-pressure chief executive of the betting shop software firm Alphameric, is resigning after escaping a humiliating shareholder coup last year backed by the largest investor, Bahamas-based currency trader Joe Lewis.
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Morcombe was unavailable for comment today and did not attend an analyst briefing after publication of full-year results by Alphameric, which once again showed a strong performance from its betting shop broadcasting venture, TurfTV.
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However, days before last April's annual meeting, Lewis's vehicle Mayfair Capital raised its stake in Alphameric to about 23% and is understood to have used its voting muscle to oppose Morcombe's re-election.
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Alphameric boss quits but firm denies Joe Lewis link
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Since then, Alphameric announced it was in exploratory takeover talks with an unnamed party, widely reported - incorrectly - to be a Lewis bid vehicle.
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At Alphameric, the firm behind racing channel Turf TV, Lewis has raised his stake from 23% last year to 29. 9% now.
Sport news, comment and results | guardian.co.uk Julia Finch 2010
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Alphameric share register under wraps guardian. co.uk, Monday 15 February 2010 21.10 GMT
Sport news, comment and results | guardian.co.uk Julia Finch 2010
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Could someone please tell us what is going on at software firm Alphameric?
Sport news, comment and results | guardian.co.uk Julia Finch 2010
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In a statement today, Bertram said: "Alan Morcombe has been instrumental in setting up TurfTV [a horse-racing broadcaster in which Alphameric has 50%] and negotiating its media rights contracts and is leaving the business in good shape."
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