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Bramson loses bid for Barclays board seats, gains just 12.79 percent shareholder support

( May 2, 2019, 14:36 GMT | Official Statement) -- MLex summary: Activist investor Ed Bramson has failed in his bid to win a seat on the board of Barclays PLC, gaining just 12.79 percent shareholder support at the bank's annual shareholder meeting, according to a regulatory filing with the London Stock Exchange. Bramson's fund Sherborne owns around 5.4 percent of Barclays' outstanding shares. Bramson, who disclosed his stake in the bank in March 2018, has argued that Barclays could face similar problems to Germany’s Deutsche Bank, stating that both banks had "similar strategic weaknesses and have pursued similar product and customer strategies." He also predicted that Barclays may have to raise additional capital to support its Corporate and Investment Bank, which would "cause an immediate destruction of shareholder value."See document below....

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