Aegis Group Wednesday said it received letters from leading institutional shareholders expressing their support for the Aegis board in its opposition to the resolutions put forward by Groupe Bollore.
The resolutions, which propose that two Groupe Bollore nominees be appointed to the Aegis Board, will be voted on at an extraordinary general meeting on Nov. 22 . The signatories are Fidelity
International, Standard Life, Henderson Global Investors, Hermes and Aberdeen Asset Management. In addition, six other large shareholders have given their support to the content and issue of the
letters. Together the 11 institutions account for over 23% of Aegis's equity.