Maven Renovar VCT Shareholders Reject Proposals to Replace Board

Maven Renovar shareholders vote against board change

A group of dissenting shareholders has been unsuccessful in its bid to appoint Amati Global Investors’ Paul Jourdan to the board of the Maven Renovar VCT. Amati Global Investors (AGI) was replaced as investment manager of the trust by Maven Capital Partners earlier this year to boost performance and the trust was subsequently rebranded in May. But at the company’s AGM in June, the board failed to be re-elected, with shareholders also rejecting t…

Maven Renovar shareholders reject ex-manager Paul Jourdan's election bid; board threatens to cut termination fee

Veteran small-cap fund manager Paul Jourdan’s attempt to get on the board of Maven Renovar (MRV), the former Amati AIM VCT that sacked him and his company last year, has failed with around 60% of votes against him and fellow requisitionists at a general meeting of shareholders today. Chair Fiona Wollocombe, who has been under […]

Maven Renovar VCT shareholders reject proposals to replace board

Maven Renovar VCT shareholders have sided with the incumbent board after voting down proposals at today’s requisitioned general meeting (13 August). The resolutions put forward by the requisitioning group, which would have seen a new board led by former investment manager Amati Global Investors’ Paul Jourdan appointed, were backed by 40% of the total shares voted. By individual poll cards, an average of 1,500 shareholders voted in favour of the …