November 9, 2017 / 2:01 PM / 4 months ago

Activist investor TCI might call EGM to oust LSE chairman Brydon - source

LONDON (Reuters) - Activist firm TCI Fund Management might call an extraordinary shareholder meeting to oust London Stock Exchange Group (LSE.L) chairman Donald Brydon, a source close to the firm told Reuters.

Chris Hohn’s London-based hedge fund firm TCI may write to the board to request the meeting on Thursday afternoon after it first sent a letter asking for Brydon to step down last week.

    A spokesman at LSE declined to comment.

    Sky News reported earlier on Thursday that TCI was ‘plotting’ an imminent move to unseat Brydon.

    Reporting by Maiya Keidan; Editing by Rachel Armstrong

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