PANMURE’S SAVVAS NEOPHYTOU’S APPRAISAL OF ASTRA SHAREHOLDERS

Fidelity investments (1.2% shareholder) has come out in support of management. So we have had Frams, Aberdeen, Schroders, Jupiter voicing dissent. In support we have had Investor (4%), Woodford (2%), Threadneedle (not said in public), M&G (1.3%). Blackrock at 8% and Invesco (4%) have stayed quiet so far. The rules regarding calling an EGM are not onerous (10%) but there isn’t enough support to get to 50% in order to replace the board.

Can’t see an EGM been called personally. Be too much ‘hassle’ for investors that are not really into that sort of aggressive behaviours style…

They’ll let management know they aren’t happy but that’s that…

Savvas Neophytou
@PanmureSavvas
Tel (d) 0151 243 0973
Tel (m) 0781 140 90 46

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: