In reaching its decision the Supervisory Board took note of a letter received from TCI Fund Management (UK) LLP (TCI), the investment manager of Cayman Islands hedge funds. TCI has requested a shareholder meeting to vote on the removal of the Supervisory Board members of Deutsche Börse appointed by the shareholders meeting and the election of new Supervisory Board members. Earlier today Deutsche Börse has received a formal notification that the funds represented by TCI as of last Friday have shareholdings with voting rights in Deutsche Börse of 5.01 percent. The Executive Board of Deutsche Börse will respond to TCI’s request.
FTSE Mondo Visione Exchanges Index:
Deutsche Börse Supervisory Board Approves Possible Cash Offer For The London Stock Exchange
Date 17/01/2005