J O Hambro sells 14.9m Hipgnosis shares
The major shareholder reduced its position after the share price leapt 48.4%
The major shareholder reduced its position after the share price leapt 48.4%
Appointment follows late March vote for wind down
Also proposes removal of cap on number of holdings
Institutions hold £89bn in investment company shares
Cut of dividend payment result of ‘strategic review’
Process expected to be completed by the end of March
Harcus Parker has sent a letter of claim on behalf of over 250 claimants, including institutional shareholders
Directors to hold board seats until AGM in 2024
Possible options include a relaunch of the trust
‘Takeover of the second largest Swiss bank had the character of horse trading’
Board ‘determined’ to go forward as planned despite Liontrust offer period extension
CEO John Ions criticised the investor group’s proposal, accusing them of being ‘long on rhetoric’ but ‘short on detail’