Investors back ThomasLloyd Energy Impact board over manager for a second time

Voted 58% to 42%

James Baxter-Derrington
clock • 1 min read

Investors in the ThomasLloyd Energy Impact trust have once again backed the vehicle’s board over its investment manager, opting to retain the current directors.

In a second requisitioned general meeting in a month, investors voted 58% in favour of the board's position, with 42% backing the managers' proposals. ThomasLloyd Global Asset Management insisted on holding a second general meeting, aiming to remove and replace the four board directors, with the investment manager refusing to withdraw its requisition request despite losing a continuation vote 58% to 42% late last month. Of the votes cast in this meeting, approximately 69.3% of those cast by independent shareholders sided with the board. Shareholders representing approximately 53.7% of...

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