ThomasLloyd Energy Impact board faces removal vote at second general meeting

Requisitioned by investment manager

The board of the ThomasLloyd Energy Impact trust will face a removal vote at a second requisitioned general meeting in a month, as the investment manager continues its tussle with the directors despite investors supporting the board’s stance on a continuation vote.

In a stock market announcement, the board confirmed the second requisitioned general meeting will be held on 25 September, with the resolutions comprising the removal and replacement of all four directors. The board noted its disappointment at convening a second general meeting requisitioned by investment manager ThomasLloyd Global Asset Management, given investors voted against the continuation resolution on 24 August. Following this result, the board wrote to the manager to request it withdraw its second requisition, which it refused. Investors vote against ThomasLloyd Energy Imp...