LONDON - Dunedin Enterprise Investment Trust PLC has announced its entry into voluntary liquidation following a special resolution passed by shareholders at a General Meeting held today. The decision was approved by an overwhelming majority, with 94.21% of votes supporting the motion.
The liquidation process will be overseen by Gareth Rutt Morris and Jonathan Dunn of FRP Advisory Trading Limited, who have been appointed as joint liquidators. The resolution also authorizes the liquidators to distribute cash to the shareholders proportionately to their shareholdings and outlines their entitlement to remuneration for services rendered during the liquidation.
A total of 1,109,353 votes were cast, with 1,045,104 votes for the resolution, 64,249 against, and 4,022 withheld. The detailed voting results will be available on the company's website.
The resolution includes provisions under the Insolvency Act 1986, allowing the liquidators to exercise certain powers and authorizing them to manage the distribution of the company's assets. Additionally, it specifies the handling of the company's books and records post-dissolution, with financial and trading records to be retained for a minimum of six years.
This move follows the company's circular to shareholders issued on December 3, 2024, which contained the Notice of General Meeting and is available for viewing at the National Storage Mechanism and on the company’s website.
The information in this article is based on a press release statement from Dunedin Enterprise Investment Trust PLC.
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