The board of Woodford Patient Capital trust (WPCT) has announced it is looking at third party candidates to potentially take over the management of the vehicle.
In an announcement on Monday (29 July) the board said it "intends to engage with a broader range of third-party managers in order to undertake a full assessment of all potential management options, which may or may not lead to a change in the company's management arrangements". In the statement, the board said it had been closely monitoring the situation at the trust and remains focused on preserving the value of the vehicle and the interests of its shareholders. This has included keeping an eye on the funding requirements of the trust's investee businesses to reduce borrowing, which ...
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