February 5, 2019 / 1:45 PM / 2 months ago

Activist investor Bramson makes bid for Barclays board seat

LONDON (Reuters) - Activist investor Edward Bramson has submitted an application to join the board at Barclays, the British bank in which his fund vehicle Sherborne Investors holds a 5.1 percent stake.

Sherborne invested in the lender in March 2018 with a view to making changes in its strategy and improving shareholder returns.

Investors will vote at the bank’s annual general meeting on May 2 on the proposal. Bramson has urged Barclays to reduce resources allocated to its investment bank, Reuters has previously reported.

Barclays did not immediately respond to a request for comment.

Reporting By Lawrence White, editing by Sinead Cruise

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below