They’re giving the board 60 days to reply.
AJ Investments are even now talking to other shareholders with a view to overthrowing the Guillemots.
In particular, Krupa is calling for long-term CEO Yves Guillemot to be given the boot.

AJ Investments appear to be new kids on the block as Ubisoft minority shareholders.
Krupa, you debonair chancer, you Machiavellian oaf!
Also, you forgot to mentionBeyond Good & Evil 2.
There are some spicier assertions in the paragraph below.
Hence, AJ Investments' desire to start a shareholder rebellion.
So what would such a takeover and change of leadership bring about?
Well, what does any major company strategic readjustment seem to result in these days?
You guessed it, more layoffs!
Best of luck to any Ubisoft developers worrying about the potential fallout.