Payzone shareholders have ousted two directors after a long-running row. This week they voted to terminate the contracts of CEO John Nagle and CFO John Williamson.

Payzone was formed last year through a reverse takeover of ATM operator Cardpoint by Payzone operator Alphyra. In January, Bob Thain, who had been chairman of Cardpoint, said Nagle and Williamson had left and he was assuming executive responsibility.

Nagle and Williamson challenged the decision in Dublin's High Court. Payzone said Williamson had ended his proceedings, but Nagle would continue with his dispute.