Aqua Ventures, which holds a 3.47% stake in embattled trust Digital 9 Infrastructure (DGI9), has urged the board to initiate an independent strategic review by 3 November, or it will requisition an extraordinary shareholder meeting to remove and replace the directors.
In a letter to DGI9 chair Phil Jordan, the firm said the board must initiate a "proper" strategic review supported by an independent financial adviser acceptable to them, and elect a new independent board member with M&A experience to oversee its execution. "A failure to evaluate options for the company could result in a serious breach of fiduciary duty that will cause irreparable harm to the company and its shareholders. In such circumstances there will inevitably be cause to investigate," it said. Digital 9 Infrastructure weighs divestment from crown jewel Verne Global The firm ...
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