12th May 2016 10:15
LONDON (Alliance News) - Dunedin Enterprise Investment Trust PLC, the London-listed UK lower mid-market management buyout investor, on Thursday said shareholders backed proposals allowing the company to conduct a managed wind-down.
Before the vote, Dunedin Enterprise had said that a managed wind-down, rather than placing the company in liquidation immediately or seeking an immediate sale of its portfolio, should enable an "appropriate balance" between maximising the value of its portfolio and returning cash to shareholders.
Shares in the trust were up 1.2% at 320.75 pence Thursday.
By Samuel Agini; [email protected]; @samuelagini
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