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"We have been rather inundated with phone calls from some of the larger shareholders.
It was also discussing the issued of £800,000 of loan notes to its larger shareholders.
Profund had to work hard on each exit deal, often under pressure from larger shareholders hoping to orchestrate a squeeze.
This arrangement would increase the power of the larger shareholders, who would then find it easier to institute reforms.
The larger shareholders in the company are Baillie Gifford with a 6% stake and Aberdeen Asset Management with more than 5%.
Lewis' four nominated directors were duly elected in a coup that saw Lewis and the larger shareholders stamp their authority on the company.
Similar(43)
A larger shareholder holds no more than 3%to4%4%.
It banned large shareholders from selling stock.
Large shareholders have backed the pay proposal.
Companies should actively seek out dialogue with large shareholders.
China, Russia, India and Brazil will be among the fund's 10 largest shareholders.
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