The Quarto Group disclosed that two significant shareholders — Harwood Capital and Wellcome Trust — have sold their holdings in the company. As a result, Harwood managing partner Christopher Mills will step down from his position as a non-executive director of the company when a replacement has been appointed. Mills notes in the announcement, “In the three years since Harwood took a hands-on approach to our investment in Quarto with the support of Wellcome and others, the share price has improved by close to 50 percent. The corporate governance of the company is now in accordance with best practice, the management team of Tim Chadwick, Chairman, and Marcus […]
