The hedge fund TCI has written to the board of the London Stock Exchange (LSE) Group to say it is sticking with its demand for a shareholder meeting to oust the chairman Donald Brydon, rebuffing a call by the company for it to withdraw the request.
However, the TCI founder Christopher Hohn said in a letter seen by Reuters that the fund would withdraw a special resolution asking for chief executive Xavier Rolet to remain in place till 2021, and for the company to stop a search for a new CEO.
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"The requisitioned ordinary resolution to remove Donald Brydon ... should proceed to a general meeting by no later than December 28, 2017. There is no change to our position on this," Mr Hohn wrote.
An LSE spokesman said the company did not have an immediate comment to make, when contacted by Reuter.
The move is the latest in a public tussle between the LSE and TCI over the company's handling of a planned exit of Mr Rolet by the end of 2018. TCI had accused the board of forcing Mr Rolet out and instead demanded a meeting to remove Mr Brydon.
On Wednesday, the LSE announced Mr Rolet was to step down immediately and had asked TCI to drop its call for a meeting.
UAE currency: the story behind the money in your pockets
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
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- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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