The row between M&G and AIM-listed oil group Gulf Keystone Petroleum (GKP) worsened over the weekend after the energy company sent a highly critical note to shareholders.
M&G has been pushing for new candidates to be appointed to the board of the group, having criticised the current directors over their 'excessive' pay amid a lacklustre performance of the group's shares. M&G - which owns s chunk of the company via funds including Tom Dobell's (pictured) M&G Recovery fund - wants new independent candidates to be appointed, but the company has urged shareholders to reject M&G's nominees. In a statement Gulf Keystone accused one nominee, Jeremy Asher, of being a 'disruptive presence'. It said: "The Board believes that it would be inappropriate to reapp...
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