16th Jan 2015 14:41
LONDON (Alliance News) - Origo Partners PLC Friday said that shareholders have voted against nine resolutions proposed by Brooks Macdonald Group PLC that were designed to amend the private equity company's investment policy and to make a number of changes to its board of directors.
In a statement, Origo Partners said that each resolution was voted down, with about 73% of votes against the resolution in each case, without taking into account votes withheld.
Brooks Macdonald had previously said it had lost confidence in the ability of Origo's current board to oversee the company's investment realisation strategy and to act in the best interests of shareholders as a whole.
Origo shares were untraded on Friday. The stock closed at 6.12 pence on Thursday. Brooks Macdonald shares were down 2.1% at 1,351.54 pence on Friday.
By Samuel Agini; [email protected]; @samuelagini
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