Barclays says Bramson boardroom bid could destabilize bank

The logo of Barclays is seen on the top of one of its branch in Madrid
FILE PHOTO: The logo of Barclays is seen on the top of one of its branch in Madrid, Spain, March 22, 2016. REUTERS/Sergio Perez/File Photo

March 19, 2019

LONDON (Reuters) – Barclays on Tuesday urged shareholders to reject activist investor Edward Bramson’s bid for seat on the bank’s board, saying he lacks the necessary experience and has different incentives to other investors.

In its most detailed statement yet on Bramson, who is seeking election to the board at Barclays’ annual general meeting on May 2, the bank said that he is likely seek what it said could be a destabilizing restructuring of the bank.

(Reporting by Lawrence White; Editing by David Goodman)

Source link