The company has announced that it has received a requisition from Paul Jourdan, the former manager, to replace the board – see https://www.investegate.co.uk/announcement/rns/maven-renovar-vct-plc–mrv/receipt-of-requisition-request/8955955 .
As a shareholder in the company I have an interest in this matter. My immediate feeling is that I will need some convincing to back Mr Jourdan. This VCT has been one of the worst performing and from my records the total return in the last 3 years has been -22.2%, -22.6% and -2.4%. My records go back to 2005 and there have been several mergers and changes of name since then.
However I will wait to see the full arguments before coming to a conclusion on how I should vote on the requisition.
Roger Lawson (Twitter: https://x.com/RogerWLawson )
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