8th Oct 2018 11:45
LONDON (Alliance News) - Dunedin Smaller Companies Investment Trust PLC was temporarily suspended from trading on the London Stock Exchange on Monday as shareholders vote on whether or not to allow its merger with Standard Life UK Smaller Companies Trust PLC.
The merger was proposed in June after Dunedin had found it "challenging to attract new investors." What is more, after the parent firms of the two companies merged to form Aberdeen Standard Life PLC it had resulted in the two firms being managed alongside one another with "very similar UK smaller companies mandate."
In late September, the proposed deal passed its initial vote at both firms. Should shareholders pass the resolutions at its meeting on Monday then the deal will become effective on Monday.