PETER Webb has resigned from his post as a director of the Eaglet Investment Trust, after shareholders in the vehicle proposed that new directors should be appointed.
Webb, who was a founder of the trust when it launched in 1993, is now set to fight tooth and nail for the trust, in response to the proposals from three major stakeholders who are pushing for a change in the trust's current makeup. Webb said: "During recent times, seemingly inevitable waves of activist and arbitrage investors have built stakes in the Company. "By their very nature as short term traders, I do not expect such shareholders to support the long term investment strategy that Eaglet has pursued in the past and which I believe is so essential to unlocking value in the ...
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