SVG Capital May Face Investor Dissent, Daily Telegraph Says

SVG Capital Plc (SVI) may face investor opposition over plans to return only 15 percent of the firm’s capital and its proposal to end an exclusive relationship with buyout firm Permira Advisors LLP, the Daily Telegraph reported.

Shareholder Jeremy Coller of Coller Capital Ltd. held talks with Schroders Plc (SDR) on voting against the proposals at SVG’s extraordinary general meeting this month, the newspaper said, without saying how it knows. SVG Chief Executive Lynn Fordham told the newspaper she will move ahead with the company’s planned strategy. Returning more than the proposed 170 million pounds ($269.3 million) would mean “significant execution risk” for SVG, she told the newspaper.

To contact the reporter on this story: Ambereen Choudhury in London at achoudhury1@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.