ThomasLloyd Energy Impact trust manager calls for board to withdraw wind-up recommendation

'Self-serving' action from the board

Valeria Martinez
clock • 2 min read

ThomasLloyd Group, the investment manager of the suspended ThomasLloyd Energy Impact (TLEI) trust, has called for the board to immediately withdraw its unanimous shareholder recommendation to vote in favour of the wind-up of the company.

On Monday (31 July), the board of the trust urged shareholders to vote against the continuation resolution after losing confidence in its investment manager, ThomasLloyd Global Asset Management. This comes after affiliates of the manager called for a continuation vote on 11 July. In a statement written on Monday but released publicly today (1 August), the firm said it "vigorously" refutes the allegations contained in the board's announcement.  "TL believes that the current actions of the board of the company and in particular, the recommendation to vote against the continuation of the...

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