The board of the Legal & General UK Select investment trust plans to allow the reconstruction and ef...
The board of the Legal & General UK Select investment trust plans to allow the reconstruction and effective wind-up of the company. After consultation with shareholders and warrant holders, the board of the £36m trust intends to put resolutions to shareholders at its AGM on 5 March and at a separate meeting of warrantholders immediately after. The purpose of these resolutions will be to authorise the board to bring forward more detailed proposals for such a scheme and propose amendments to the terms of the warrants, reducing the subscription price in the case of an early wind-up from 10...
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