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LONDON - Keystone Positive Change Investment Trust plc (KPC) announced today that its Second General Meeting, which was scheduled for today, has been adjourned. The meeting was part of the proposed scheme of reconstruction for the company, known as the "Scheme."
The decision to adjourn follows the Board’s announcement on January 13, 2025, of its intention to postpone the Scheme meetings. This was in response to the Saba proposals, which were considered and rejected by shareholders at the Requisitioned General Meeting on February 3, 2025.
The Board has resumed focus on advancing the Scheme proposals initially announced before the requisition. The adjournment was deemed necessary since the Ordinary Shareholders’ Class Meeting and the First General Meeting, both scheduled for January 27, 2025, were also adjourned pending the outcome of the Requisitioned General Meeting. These meetings must precede the Second General Meeting to properly conduct the business intended.
The new date for the Second General Meeting has not been set, but it will be determined by the Board and may take place at a physical location or via an electronic platform.
The Board is actively engaging with stakeholders to reschedule the adjourned meetings, allowing shareholders to vote on the Scheme at the earliest opportunity. Once a new timetable has been established, the company will announce the revised schedule, including the dates for the meetings and extended deadlines for shareholders to submit proxy votes and make elections under the Scheme. Shareholders will receive at least seven clear days’ notice before any meetings.
This news is based on a press release statement from Keystone Positive Change Investment Trust plc.
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