Clark moves in for Murray challenge

Shareholders in the first three Murray VCTs, which have recently replaced original manager Murray Johnstone with Close Venture Management, are attempting to unseat directors of these trusts.


Shareholders in the first three Murray VCTs, which have recently replaced original manager Murray Johnstone with Close Venture Management, are attempting to unseat directors of these trusts.

Shareholders in the first three Murray VCTs, which have recently replaced original manager Murray Johnstone with Close Venture Management, are attempting to unseat directors of these trusts.


Former Panmure Gordon director Charles Clark is orchestrating these efforts, as he is unhappy with the decision to replace Murray Johnstone as manager just when the performance of the trusts, which had been underwhelming, was starting to recover.

In a letter to fellow shareholders encouraging them to vote in favour of his proposals at the trusts’ forthcoming AGMs, Clark states that the directors should have acted sooner to replace the managers, rather than wait and incur £1.2 million in compensation payments.

Leslie Copeland

Leslie Copeland

Leslie was made Editor for Growth Company Investor magazine in 2000, then headed up the launch of Business XL magazine, and then became Editorial Director in 2007 for the online and print publication portfolio...

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