EDINBURGH - Dunedin Enterprise Investment Trust PLC has announced an updated timetable regarding its voluntary liquidation process and the suspension of its shares from the London Stock Exchange (LON:LSEG). The update follows the initial announcement made on December 3, 2024, and outlines key dates leading up to and following the company’s general meeting scheduled for January 6, 2025.
In the event that shareholders approve the recommended proposals to place the company into members’ voluntary liquidation and to appoint Gareth Rutt Morris and Jonathan Dunn of FRP Advisory Trading Limited as joint liquidators, the shares of Dunedin Enterprise Investment Trust will remain suspended from listing on the Official List and from trading on the London Stock Exchange. This suspension is set to begin at 7:30 a.m. on January 6, 2025, and is expected to extend until after the first cash distribution to shareholders has been made. The exact date of this distribution is to be determined by the appointed liquidators but is anticipated to be on or around January 29, 2025.
Shareholders are recommended to consult with their professional advisers to understand the tax implications and to contact their ISA provider ahead of the general meeting to ensure compliance with their individual tax positions. The company’s shares are expected to remain "qualifying investments" for ISA purposes at least until the first cash distribution is paid out.
The last day for 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 the receipt of Forms of Proxy is 10 a.m. on January 2, 2025, and the close of the register and record date for participation in the liquidation is 6:00 p.m. on January 3, 2025.
The company has specified that all times mentioned in the announcement are in UK time and that any potential changes to the timetable will be communicated to shareholders through a Regulatory Information Service.
This update is based on a press release statement and aims to provide shareholders with the latest information on the liquidation process of Dunedin Enterprise Investment Trust PLC.
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