Trian 1 story continues as shareholders call for support ahead of extraordinary general meeting

'Not fit for purpose'

clock • 4 min read
The extraordinary general meeting (EGM) will take place on Friday 5 August.

The extraordinary general meeting (EGM) will take place on Friday 5 August.

In the latest update of the Trian Investors 1 Limited (TI1) saga, the ad hoc committee of independent investors has sent an open letter to fellow shareholders ahead of the extraordinary general meeting (EGM) next Friday (5 August), calling on other investors to vote in favour of its governance reforms.

Global Value Fund, Invesco, Janus Henderson Investors UK and Pelham Capital make up the committee of shareholders lobbying for several proposals put forward regarding TI1's governance and board members. In a previous open letter to the board they said the "conduct of the TI1 board raises serious and concerning governance issues that cannot be ignored" and called for an EGM to address them. In the latest open letter they told fellow investors that "your vote is incredibly important" and called on them to "consider resolutions put forward by the committee to reconstitute the Board and r...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Investment Trusts

Witan investment trust chief executive Andrew Bell

Witan suffers H1 losses of £327.3m as gearing proves costly

NAV falls 14.3%

clock 16 August 2022 • 2 min read
Lindsell Train's Nick Train

Nick Train doubles down on Finsbury Growth & Income's worst performer

Sticking to Fever-Tree ‘makes sense’

clock 15 August 2022 • 2 min read
Steve Windsor of Atrato Group

Look beyond traditional asset allocation for long-lasting inflation-linked returns

Supermarkets, green energy and housing

Steve Windsor
clock 15 August 2022 • 3 min read