Witan seeks out new board member after shareholders voice neutrality concerns

39% against

Witan investment trust is actively seeking new non-executive director following at 39% revolt against longstanding board member Suzy Neubert.

Shareholders of Witan were split on whether to re-elect Neubert as non-executive director back at May's AGM. At the time, shareholders voted on Neubert's reappointment, with 39% of total votes were cast against, made by 8.7% of the shareholders. Witan suffers H1 losses of £327.3m as gearing proves costly In a formal follow-up announcement made today (22 September) - which is required on any vote where more than 20% of shareholders voting have opposed a resolution -  Witan said: "The board understands that the reason for the result was that some shareholders deemed Ms Neubert not to...