Asian Smaller Companies shareholders look for cash exit from investment trust
For the second time in two months, the same group of Govett Asian Smaller Companies shareholders has called an EGM to try to effect a cash exit from the investment trust. Charlemagne Capital, formerly Regent Europe, which has an 18.6% stake in the trust, has put forward resolutions for the removal of the existing directors and their replacement with a new board. If this resolution is passed at the EGM the new directors will put forward proposals that allow shareholders to exit their investment in the company for cash at a minimum of 95% of NAV per share. James de Sausmarez, managing d...
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