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Name | Symbol | Market | Type |
---|---|---|---|
Municplty 28 | LSE:17GO | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS No 2757p CLEMENTE KOREA EMERGING GROWTH FUND 23rd September 1997 The Board of Clemente announces that it has today circulated to Shareholders proposals for the open-ending of the Company ("the Proposals") The Proposals involve conversion of the Company to an open-ended SICAV (an investment company with variable capital incorporated in Luxembourg). The conversion will enable investors to subscribe and redeem shares on a weekly basis and the Company will in due course apply to the SIB for approval as a recognised scheme, so as to permit marketing of the Company's Shares to the public in the UK. The investment policy of the Company will remain substantially the same following the conversion. If the Proposals are approved, the Company will seek a termination of the listing of its Shares on the London Stock Exchange. It is also proposed that two additional directors, Chang Kon Koh and David Curl, be appointed to the Board at the Extraordinary General Meeting which has been convened to consider the Proposals on 15 October 1997. Peter Chesterfield has already resigned from the Board and Jayne Sutcliffe has agreed to resign upon the Proposals becoming effective. Contact Details: Mark Searle (Chairman) - Tel: (0171) 316 0007 Jayne Sutcliffe (Director) - Tel: (0171) 316 0007 END MSCSEASWLUWUFIU
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