Shareholders of former ThomasLloyd Energy Impact vote against voluntary wind-up
At a general meeting yesterday (19 December), 83.1% of shareholders voted against the voluntary wind up, with the remaining 16.9% voting in favour of the action.
The trust failed its continuation vote in August, a move which triggered the board to put forward proposals for the reconstruction, reorganisation or winding-up of the fund to shareholders for their approval.
At a general meeting yesterday (19 December), 83.1% of shareholders voted against the voluntary wind-up, with the remaining 16.9% voting in favour of the action.
Board of former ThomasLloyd Energy Impact expects delayed reports before year-end
The board had pushed for shareholders not to vote in favour of the voluntary wind-down, as it sought to complete its strategic review and lift the trust's current share suspension, which has been in place since 25 April 2023.
The strategic review is expected to be completed by the first quarter 2024, and the publication of its delayed audited 2022 annual financial statements and 2023 interim report is anticipated to be released by 19 January 2024.
Following the publication of the results, the trust can apply to the Financial Conduct Authority for a restoration of its listing.
ThomasLloyd Energy Impact drops ThomasLoyd from name
In previous stock exchange notices, the board said that it view neither a reorganisation nor reconstruction as a viable option given the «concentrated and illiquid nature» of the portfolio and current size of the company.
According to the Association of Investment Companies, the trust has a market cap of £183.6m and total assets worth £178.1m, meaning it has a discount of 3.1%.
Foresight VCT opens £5m overallotment in response to strong demand
Global regulators unveil revised rules to
Read more on investmentweek.co.uk
