The board of ThomasLloyd Energy Impact (TLEI) has said new information provided by a whistleblower implies it was misled by the manager over problems at the project that led to the trust's share suspension.
In its response to the manager's announcement on Friday (11 August), the board said new information brought to light under the trust's whistleblowing policy suggests the manager may have withheld "highly material" information from it over an extended period of time. The new information reveals that ThomasLloyd Global Asset Management was aware of problems related to the ‘RUMS' solar power project by August 2022, and deliberately withheld this from the board. "Whilst the board continues to investigate these matters urgently, it appears that key information was withheld from it, and mi...
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