Symphony International Holdings may ditch management fee as it defends against AVI

AVI called for the removal of the board

clock • 1 min read
Symphony's board has written to its shareholders
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Symphony's board has written to its shareholders

The board of the £409.1m Symphony International Holders has written to its shareholders outlining steps that it is taking to narrow the discount following a campaign launched by Asset Value Investors (AVI) to remove and replace the board.

Outlining its future plans, director Anil Thadani said the board is "exploring ways to lessen, or eliminate altogether, the fees that Symphony pays" to its investment manager, Symphony Asia Holdings...

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