LONDON - Dunedin Enterprise Investment Trust PLC has updated its timetable regarding the proposed members' voluntary liquidation, as per its announcement on December 19, 2024. The trust has provided a revised schedule for its liquidation process and the suspension of its shares from the London Stock Exchange (LON:LSEG), pending approval from shareholders.
According to the updated timetable, the last day for dealing in the company's shares through CREST, on a normal rolling two-day settlement basis, is set for December 30, 2024. Shareholders must submit their Forms of Proxy by 10 a.m. on January 2, 2025, in advance of the general meeting scheduled for January 6, 2025, at 10 a.m., where they will vote on the liquidation proposal.
If the shareholders approve the board's recommendations to liquidate the company and appoint Gareth Rutt Morris and Jonathan Dunn of FRP Advisory Trading Limited as joint liquidators, the shares will be suspended from trading on January 6, 2025, at 7:30 a.m. This suspension will remain in effect at least until after the first cash distribution to shareholders, which is anticipated to occur on or around January 29, 2025. The exact date of this distribution will be determined by the appointed liquidators.
The company has advised shareholders to consult with their professional advisers regarding the tax implications of the liquidation and to discuss the matter with their ISA providers before the general meeting. The shares are expected to continue being "qualifying investments" for ISA purposes until the suspension.
This information is based on a press release statement issued by Dunedin Enterprise Investment Trust PLC and disseminated through RNS, the news service of the London Stock Exchange. The company has emphasized that all times referenced are to UK time and that the provided times and/or dates may be subject to change. Any revisions will be communicated to shareholders via a Regulatory Information Service announcement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.