TI1.L Share News (TI1)

IN BRIEF: Trian Investors 1 shareholders vote to voluntarily liquidate

Trian Investors 1 Ltd - offers exposure to investment activity of Trian Investors Management LLC - Shareholders representing 61% of share capital vote for voluntary liquidation at extraordinary general meeting. Votes for liquidiation are 840,809, while there are no votes against and 117,192 votes withheld. The company's shares were suspended on Wednesday morning. In mid-March, Trian Investors 1 said it aimed to wind up during 2023 as it NAV fell in 2022. NAV per share at December 31 fell 17% to 180.67 pence per share from 216.80p a year prior.

UK shareholder meetings calendar - next 7 days

Trian Investors 1 aims to wind up in 2023 as net asset value falls

(Alliance News) - Trian Investors 1 Ltd on Friday said it aims to wind up during 2023 as net asset value fell in 2022.

EARNINGS SUMMARY: Downing Renewables outshines with solar assets

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Trian Investors 1 to wind-up following share redemption

Trian Investors 1 Ltd - offers exposure to investment activity of Trian Investors Management LLC - Posts details of redemption plan. Says it believes investments in Ferguson PLC and Unilever PLC have further to run, but acknowledges that "a significant portion of the current shareholder base would like the opportunity to exit their shareholding at or around net asset value."

IN BRIEF: Trian Investors 1 shareholders vote to remove Chair Sherwell

Trian Investors 1 Ltd - offers exposure to investment activity of Trian Investors Management LLC - Shareholders at extraordinary general meeting held on Friday vote to remove Chair Chris Sherwell from the board and appoint Robert Legget as a director. Back in June, major shareholders Global Value Fund, Invesco, Janus Henderson Investors UK and Pelham Capital requisitioned the meeting to remove Sherwell, Simon Holden and Anita Rival as directors and and nominate two new ones, Legget and Miles Staude. Sherwell is voted out by 50.7%, while Legget is voted in by the same percentage. However, the resolutions to remove Holden and Rival get only 49.6% support, so they remain on the board. The resolution to add Staude also fails with only 49.6% support.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Trian Investors 1 shareholders want EGM over board removals

Trian Investors 1 Ltd - offers exposure to investment activity of Trian Investors Management LLC - Receives requisition notice from shareholders holding over 10% stake for extraordinary general meeting to remove three of the four current directors.

IN BRIEF: Unilever gives activist investor Nelson Peltz seat on board

Unilever PLC - London-based consumer goods - Appoints activist investor Nelson Peltz to board, starting July 20. Peltz is chief executive officer and a founding partner of Trian Fund Management LP. Funds managed by Trian have 37.4 million Unilever shares, a 1.5% stake, both companies confirm. London-listed Trian Investors 1 Ltd holds 1.1 million of these, which it bought back in April for GBP37.7 million.

UK EARNINGS SUMMARY: abrdn Asia Focus, Trian net assets rise

(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Trian Investors 1 enters new USD100 million credit facility

Trian Investors 1 Ltd - offers exposure to investment activity of Trian Investors Management LLC - Says it is opening a new USD100 million revolving credit facility with Bank of America's London Branch. The facility will have a three-year term and enables the investment partnership to borrow an aggregate amount of up to USD100 million at an interest rate based on the secured overnight financing rate, SOFR, plus 1.35% per year. The portion of the facility that is not drawn will be subject to a commitment fee of 0.40% per year, Trian says.

EARNINGS UPDATES: Parsley Box loss deepens on expenses; Boku profit up

EARNINGS UPDATES: Parsley Box loss deepens on expenses; Boku profit up

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

IN BRIEF: Trian Investors 1 NAV rises over 2020 on resilient Ferguson

IN BRIEF: Trian Investors 1 NAV rises over 2020 on resilient Ferguson

UK DIRECTOR DEALINGS SUMMARY: Trainline CFO Sells GBP3 Million Worth

UK DIRECTOR DEALINGS SUMMARY: Trainline CFO Sells GBP3 Million Worth