GAM investor group demands EGM date change over Liontrust deal vote

Regulatory approval edges closer

A group of GAM investors has requested a delay to an extraordinary general meeting on Liontrust’s takeover of the asset manager, so it can vote “with full knowledge of the outcome” of the deal.

Should GAM fail to announce publicly the re-scheduling of the EGM by 10 August, the group has said today (8 August) it will withdraw its already submitted proposals and request a new EGM to be held once the result of the Liontrust offer is known.  These proposals include removing the existing board, replacing them with their own slate of directors, issuing a dilutive convertible bond and launching a special audit.  Liontrust extends GAM offer deadline as John Ions responds to shareholder group The investor group comprises NewGAMe SA and Bruellan SA, which controls approximately 9.6...