By Frances Ivens2019-03-06T15:40:00
Norges Bank has upped its stake in Shaftesbury to 25.06%, taking it over the threshold for it to vote down special resolutions brought forward by the company at AGMs.
Special resolutions, which require 75% shareholder approval to pass, have become the weapon with which Sammy Tak Lee, Shaftesbury’s largest shareholder, attacks the West End landlord.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.