Framlington restructuring

Framlington has despatched definitive share certificates for the new ordinary shares of 25p each following the restructuring of the Framlington NetNet.Inc split-cap trust into a conventional vehicle. The restructuring, combining the trust's capital shares with its income producing shares, came at an extraordinary general meeting on 11 June, following the devastating effect the collapse of internet-related stocks 14 months ago had on the company's NAV and indebtedness. Robert Jones, chairman of the trust, announced that the new objective of the portfolio is to provide capital growth for ...