The Traderszone Network

Published in TZ Latest News 16 March, 2015 by The TZ Newswire Staff

Activist investor Elliott seeks boardroom shakeup at Alliance Trust

Activist Elliott Advisors, the largest individual shareholder in Alliance Trust PLC (ATST.L), is seeking support from fellow investors for a boardroom reshuffle following a phase of unsatisfactory engagement with executives over poor performance. Elliott, which owns 12 percent in the investment trust manager, has nominated three new independent non-executive directors to the board ahead of the company’s annual general meeting in Dundee on April 29, Elliott said in a statement.

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