International investment firm Laxey Partners appears to be pushing for control of Perth-based listed investment company LinQ Resources Fund.
Isle of Man-based Laxey Partners, through its nominee HSBC Custody Nominees, has requested that LinQ Resources Fund convene a meeting of its unit holders to consider appointing The Trust Company as the Fund's responsible entity.
LinQ Capital, the current responsible entity for LinQ Resources, said the announcement was made prematurely by The Trust Company.
LinQ Capital, headed by Clive Donner, said it is yet to receive a formal request to convene a meeting.
The Trust Company has not explained its intentions for LinQ or its association with Laxey, which has acquired a 9.9 per cent shareholding in LinQ Resources Fund.
However in February last year, The Trust Company became the responsible entity for the Alternative Investment Fund, and subsequently appointed Laxey Partners as the investment manager of that fund.
The Trust Company chief executive officer John Atkin said, "We are pleased to be in a position to provide our professional RE services to the unit holders of LinQ Resource Fund."
"As a specialist and independently-owned trustee, we have a significant track record as independent RE for the Alternative Investment Trust, MAX Trust, the Australian Wholesale Property Fund and the Absolute Capital Yield Strategy Fund."
LinQ said in a statement that it will consider the validity of the request and prepare a response which will consider the interests of all shareholders.
The company said that unitholders are advised to take no action.
Three years ago, LinQ Capital fended off another push for change, on that occasion by UK hedge fund manager Carrousel Capital.
