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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Svm Uk | LSE:SVU | London | Ordinary Share | GB0009115444 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 184.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSVU SVM UK Active Fund PLC (the "Company" "SVU") RIS Announcement Proposed voluntary liquidation The Board has been asked by Cyrun Finance, Ltd (`Cyrun'), as holder of over 93% of the Company's shares, to realise the assets in the Company's portfolio, in anticipation of the voluntary liquidation of the Company in the near future. Cyrun has written to request that the Board convenes a general meeting as soon as practicable at which the voluntary liquidation of the Company will be proposed and has stated its intention to vote its holding in favour of the voluntary liquidation. The Board has agreed to alter the Company's published investment policy such that the portfolio can be realised in the knowledge that compulsory acquisition powers will be applied at 191.2p per share (being the price paid under the Offer made by Cyrun for the entire issued share capital of the Company that Cyrun did not already own on 17 March 2011 which was revised on 28 April and made on a mandatory basis from 6 May 2011) for the Company's shares not already owned by Cyrun and held by minority shareholders. Cyrun will write to Shareholders on the compulsory acquisition powers in the near future. The current Board intends to stand down after 30 June, by which time it is expected that the portfolio will be largely held in cash or cash equivalents. Cyrun, who will appoint its own representatives to the Board, will then commence the Company's liquidation process, which will include the cancellation of the Company's listing and admission to trading. SVM Asset Management Limited's investment management agreement will be terminated following the sale of the portfolio (other than an unquoted investment which is to be retained) which will result in a termination fee becoming payable in accordance with the terms of the agreement. All enquiries Carolina Viola Tel: 0131 226 6699 Company Secretary Jane Lewis Tel: 020 3100 0295 Winterflood Investment Trusts END
1 Year Svm Uk Active Fund Chart |
1 Month Svm Uk Active Fund Chart |
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