The meeting voted on a resolution brought by TCI's founder Christopher Hohn to oust Brydon for the way he handled the departure of former CEO Xavier Rolet.

TCI lost the vote, in which 79.07 percent of shareholders sided with Brydon.

However, the source close to the firm had said if more than 20 percent of investors backed the resolution, then it would keep up the fight.

(Reporting by Maiya Keidan; Editing by Greg Mahlich)