GAM shareholders approve new board at EGM

Rejected two proposals

Eve Maddock-Jones
clock • 2 min read

GAM shareholders voted in favour of the proposed board members at the extraordinary general meeting held today (27 September).

The former board members, including GAM's former CEO Peter Sanderson, all elected to step down from their roles after the collapse of Liontrust's takeover bid for the firm. The EGM was convened to allow investors to vote on proposals put forward by NewGAMe, which has a near 10% stake in GAM and fought against Liontrust's takeover attempt. Only half (52.6%) of the total 159,682,531 shares were represented in today's vote.  Nearly all shareholders (99.5%) who voted approved the appointment of Antoine Spillmann, CEO and partner at Bruellan, part of NewGAMe, as chair of the GAM board. ...

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