Abrn to delay shareholder vote after running out of paper

Fund manager Abrn will delay a shareholder vote on its takeover of stock trading platform Interactive Investor after running out of paper.

Under city rules, the FTSE 100 company must send paper versions of relevant documents to shareholders ahead of a scheduled vote on the £1.5billion merger.

However, with over one million retail investors, Abrn is short due to a global supply chain crisis.

The group had hoped to give shareholders a say in the deal before its annual results early next month.

But now the vote will not take place until around two weeks later, Sky News reported yesterday.