A group of GAM investors has withdrawn its proposals for the group’s extraordinary general meeting after its request to delay the assembly was denied.
NewGAMe, which controls 9.6% of GAM shares, has repeatedly called for the EGM to be held once Liontrust's offer period had passed so investors could make an "informed choice" at EGM. The EGM was initially set for 25 August, but it was brought forwards to 18 August after Liontrust extended its offer period, for a third time, to 23 August. Originally, the offer period was due to end on 25 July and has since been extended to 28 July, then 4 August, then 23 August. Liontrust originally announced its intention to buy GAM on 4 May. GAM denies shareholder request to delay EGM NewGAMe t...
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