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Trinity Capital To Hold Meetings To Propose Delisting And Dissolution (ALLISS)

LONDON (Alliance News) - Trinity Capital PLC said on Tuesday it plans to hold an extraordinary ...

Alliance News 13 February, 2018 | 2:28PM
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LONDON (Alliance News) - Trinity Capital PLC said on Tuesday it plans to hold an extraordinary general meeting on March 8 to propose to shareholders the delisting of the company from AIM and its voluntary winding up.

Shares in the India-focused property investment company were untraded on Tuesday, last quoted at 0.560 pence.

Under AIM rules, the proposal to delist requires no less than 75% of shareholder approval to take place. If delisting takes place, Trinity Capital expects to distribute cash to shareholders on March 28, which is expected to be a minimum of 0.80 pence per share.

Finally, the proposal to wind up the company will be put forward in a secondary meeting on March 28, requiring no less than 50% of shareholder approval.

Trinity Capital has recommended that all shareholders vote in favour of all resolutions. Already the company has received letter of intent from 66% of shareholders to vote in favour of all resolutions.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Trinity Capital Ord 0.73 GBX 0.00 -
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