Bramson suffers heavy defeat in board bid

By Jasper Cox
02 May 2019

The vast majority of Barclays’ shareholders declined to support activist investor Edward Bramson’s bid to put himself on the board of the bank at its annual general meeting on Thursday.

Bramson’s resolution received 12.79% support among those who voted, with a 73% turnout. The defeat looks worse if it is assumed that the 5.5% of stock owned by the activist’s firm, Sherborne Investors Management, voted in favour of the resolution.

In his AGM statement ahead of the vote, ...

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