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De La Rue survives AGM

The banknote printer successfully stared down activist investor Crystal Amber Fund, but only narrowly survived a shareholder revolt over directors' pay
July 29, 2019

De La Rue’s (DLAR) big showdown with activist investor Crystal Amber Fund proved rather less dramatic than their scathing exchange of words last week. At the annual general meeting (AGM) some 91 percent of shareholders approved the re-election of chairman Philip Rogerson, seemingly ending the fund’s hope of exerting any influence over the company’s future leadership.

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