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Herald View

IOMART has been a Scottish success story in recent years and appears to be getting closer to a £320 million takeover which would ensure significant windfalls for its shareholders.

Key executives have already been given dispensation to work with Host Europe to progress the deal. Transparency should be a key principle at this crucial period yet Iomart made the surprising decision not to allow the media to attend its annual general meeting.

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There have, as yet, been no rumblings of complaint from investors over the size of the potential 300 pence per share offer but an open forum is a perfect place for any concerned shareholder to voice their worries to the Iomart board.

The AGM further acts as a way for shareholders to voice their approval, or otherwise, in a number of areas including executive remuneration and the re-election of directors to the board.

At a time when the general public's distrust of big business is still prominent actions such as those taken by Iomart yesterday further undermine any sense we are all in this together.

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