shareholders to get a straight vote on winding up decision by 20 may
The board of the Aberdeen Emerging Countries trust is again proposing to wind it up, after a previous attempt failed due to warrant holder concerns. This time Aberdeen will not offer a specific rollover vehicle for investors. At an EGM held in April, warrant holders in Aberdeen Emerging Economies voted against winding up the investment trust as they were not being offered market price for their paper. Under board proposals warrant holders were offered 8p for each warrant at a time when the market price stood at 15.75p. The monies raised from the wind up of the portfolio, managed by Hug...
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