GAM convenes EGM and urges investors to back NewGAMe proposals

Board appointments

James Baxter-Derrington
clock • 1 min read

GAM has convened an EGM to be held on 27 September to put a range of proposals to shareholders, including the election of a new chair.

Requested by Rock Investment, a constituent member of the NewGAMe shareholder group that fended off Liontrust's takeover bid of the Swiss asset manager, the EGM is connected to its public partial tender offer for 28,000,000 shares with a par value of CHF 0.05 (4.5p) each. Shareholders will be asked to vote on a range of appointments to GAM's board of directors, including a new chair, and its compensation committee. GAM repays Liontrust loan in full There will also be proposals to create a conditional capital for financing purposes and increase the share capital range of GAM. The...

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