The board of Framlington NetNet has put forward proposals for the full wind-up of the trust, with ne...
The board of Framlington NetNet has put forward proposals for the full wind-up of the trust, with net assets having dropped to £5.7m from its £100m size at launch. The board believes that given the company's current size and present market conditions it is unlikely to be able to raise further funds, or to merge with another large fund, on favourable terms. The board is therefore proposing that the business of the company should be wound up and that the company should be placed into members' voluntary liquidation. A circular convening an EGM of the company has been posted to shareholders...
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