Trian Investors 1 eyes voluntary wind-up

Extraordinary general meeting

Trian Investors 1 has sought approval from shareholders to begin the voluntary winding up of the company.

The company said that after the compulsory redemption of Ferguson shares in January and Unilever shares in March, it has now redeemed 99.45% of the shares in issue and has returned around £485m to shareholders. Following the compulsory redemptions, the company still has 1.4 million shares in issue with a net asset value of around 215.6p per share. As a result, Trian has scheduled an extraordinary general meeting which will take place on 26 April in Guernsey. At the EGM, shareholders will be asked to vote on the resolution to voluntarily wind up the company, as Trian is encouraging the...