On January 17, 2023, Legal & General Investment Management (LGIM) announced that it plans to take the rare step of voting to oust energy group Capricorn's senior leadership and halt its planned merger with NewMed. Legal & General stated that its vote was æan unusual stepà based on grave concerns and said that the decision to hold the Company's meeting (on the merger) before the shareholder requisitioned meeting (on the board) appears to be a direct attempt to undermine due process. In addition, Legal & General also said the Company's response to its concerns was to suggest that LGIM sells its stake.
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- L&G Plans to Vote Against Capricorn Leadership and NewMed Merger