LONDON - Dunedin Enterprise Investment Trust PLC, a publicly traded investment fund, has released a timetable for its voluntary liquidation process. The company has made the circular detailing the proposed liquidation available for shareholders to view online and submitted it to the National Storage Mechanism.
According to the schedule, the last day of dealing in the company's shares through CREST on a normal rolling two-day settlement basis is set for December 30, 2024. The deadline for receipt of proxy forms is 10 a.m. on January 2, 2025, and the register will close at 6.00 p.m. on January 3, 2025, which is the record date for participation in the liquidation.
Trading of the company's shares on the London Stock Exchange (LON:LSEG) will be suspended at 7.30 a.m. on January 6, 2025, followed by a general meeting held at 10 a.m. on the same day. The appointment of liquidators is also scheduled for January 6, 2025.
The cancellation of the listing of the shares on the Official List and the cessation of trading on the London Stock Exchange is expected to occur at 8.00 a.m. on January 7, 2025. Shareholders are anticipated to receive the first cash distribution on or around January 29, 2025, although the exact date will be determined by the liquidators.
All provided times refer to UK time, and the company has stated that these times and dates may be subject to change. In such an event, shareholders will be notified through an announcement via a Regulatory Information Service.
This process follows the company's decision to enter into a member's voluntary liquidation, as detailed in the circular. The liquidation of Dunedin Enterprise Investment Trust PLC is being carried out following the recommended proposals, which have been made accessible to shareholders and relevant parties.
The information regarding the liquidation schedule is based on a press release statement issued by the company's secretary, Dunedin LLP.
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