ThomasLloyd Energy Impact board urges shareholders to vote in favour of wind-up

Lost confidence in ThomasLloyd

Valeria Martinez
clock • 3 min read

The board of the ThomasLloyd Impact Energy (TLEI) trust is recommending shareholders vote in favour of the wind-up of the company, after losing confidence in its investment manager.

In a stock exchange notice today (31 July), the board highlighted a number of reasons why it is unanimously recommending shareholders vote against the continuation resolution at a general meeting on 24 August, a decision it said it is not "making lightly".  This comes after affiliates of ThomasLloyd Global Asset Management called for a continuation vote on 11 July, which the board at the time said was "extremely disappointing".  TLEI's shares have been suspended since 25 April due to uncertainty over the valuation of its ‘RUMS' solar park construction project in India, in which 8% of ...

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