Analysts warn shareholders on Boussard & Gavaudan trust proposals

‘Should be very concerned’

Kathleen Gallagher
clock • 2 min read
The board said it “will consult with shareholders to seek their views on these proposed appointments”.
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The board said it “will consult with shareholders to seek their views on these proposed appointments”.

Analysts at QuotedData are warning shareholders of the Boussard & Gavaudan trust to be wary of recent proposals to appoint two more board members that have been chosen by the investment manager.

The £306.8m trust, which has two share classed, GBP and Euro, announced on 16 June that notice had been served to the board by Emmanuel Gavaudan, principal of the company's investment manager, to appoint two additional directors that he had nominated. The board said in the stock exchange announcement there had been a formal evaluation of the board, as outlined in last year's annual report and they "are satisfied that the current mix of skills and experience". However, the notice of requisition is valid and the board will issue a notice convening an EGM on or before 1 July 2022. In the...

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