We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
ProShares UltraPro Short 20 Year Treasury | AMEX:TTT | AMEX | Exchange Traded Fund |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-3.26 | -4.20% | 74.3659 | 75.52 | 74.04 | 75.15 | 18,623 | 00:58:31 |
RNS Number:5579U 3i European Technology Trust PLC 23 January 2004 23 January 2004 Announcement 3i European Technology Trust plc Alteration of investment policy, consolidation of ordinary shares and renewal of authority to make market purchases The Board of 3i European Technology Trust plc (the "Company") today announces that it has posted a circular to shareholders giving notice of an Extraordinary General Meeting to be held at the offices of 3i plc, 91 Waterloo Road, London SE1 8XP on 9 February 2004 at 11.00 a.m. The Extraordinary General Meeting will consider and, if thought fit, pass ordinary resolutions for: (i) the alteration of the investment policy of the Company; and (ii) the consolidation of the existing ordinary shares of 1p each in the share capital of the Company into new ordinary shares of 10p each, the treatment of any resultant fractions and the renewal of the Company's share buyback authority to enable it to make market purchases of the new ordinary shares. Alteration of the investment policy of the Company In researching the European market for technology products and services, 3i Investments plc (the "Manager") has identified and assessed a number of technology companies which it believes to be leaders in their field but which are not principally based in Europe. To enable the Company to benefit from investment in the best technology companies operating in the European market, the Board considers it appropriate to alter the Company's investment policy so as to allow the Manager also to invest in technology companies which though not principally based in Europe, and therefore outside the Company's current investment mandate, have operations in Europe. The total investment in such companies would be subject to a limit of 20% of the portfolio value at the time such investments are made. Companies which are larger than the smallest member of the FTSE Eurotop 300 Index will not be added to the portfolio. Consolidation of ordinary shares The Board is aware that the ordinary shares have traded from time to time at a relatively wide bid-offer spread compared to other investment trusts operating within the UK technology sub-sector. The Board has considered how best to narrow the spread in order to reduce trading costs for shareholders and believes that consolidating the existing ordinary shares is likely to achieve this. Consequently, shareholders will be asked at the Extraordinary General Meeting to vote on an ordinary resolution to approve a consolidation of the ordinary shares of 1p each into new ordinary shares of 10p each. The effect of the consolidation of the ordinary shares is that all shareholders will hold one new ordinary share for every 10 ordinary shares held as at the record date (at 5.00 p.m. on 9 Februrary 2004). The proportion of each shareholder's interest in the Company will remain the same, except in relation to fractional entitlements. The new ordinary shares will be identical in all respects to the ordinary shares, save in respect of their nominal value which will increase from 1p to 10p. The new ordinary shares will rank pari passu in respect of dividends. The general authority of the Company to make market purchases of its own shares which was given at the Annual General Meeting held on 10 September 2003 relates to the Company's existing ordinary shares of 1p each. If the consolidation of the ordinary shares described above becomes effective, this authority will no longer be valid. Accordingly, the Board is seeking to renew this authority with reference to the new ordinary shares to ensure that the Company can continue to make market purchases of its ordinary share capital. The full text of the circular will be available for inspection at the UKLA Document Viewing Facility, 25 The North Colonnade, Canary Wharf, London E14 5HS. Enquiries: Company: Patrick Gifford (Chairman) 020 7625 3090 Investment Manager: Simon Howard (3i Investments plc) 020 7928 3131 Adviser to the Company: Andrew Zychowski (Dresdner Kleinwort Wasserstein) 020 7475 6681 This information is provided by RNS The company news service from the London Stock Exchange END EGMEAPFAASKLEFE
1 Year ProShares UltraPro Short... Chart |
1 Month ProShares UltraPro Short... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions