SUPP.L Share Price (SUPP)

It does seem the board is finally waking up to the dire situation here. Laying down a pathway to possible wind-up in 2 years time is not tinkering around the edges. Market reaction's been positive too.

TICKER TIDM: INOV

https://investing.thisismoney.co.uk/rns/news/33449724

"SCHRODERS CAPITAL GLOBAL INNOVATION TRUST PLC
(formerly Schroder UK Public Private Trust plc)
(the 'Company')

CHANGE OF NAME
Legal Entity Identifier: 2138008X94M7OVE73177

The Board is pleased to announce that, as stated in the Report and Accounts for the year ended 31 December 2022, in order to better reflect the Company's current investment objective, the Company has today changed its name to Schroders Capital Global Innovation Trust plc. The London Stock Exchange stock ticker symbol (TIDM) will also change from SUPP to INOV with effect from 8.00am on 21 April 2023. The Company's ISIN, SEDOL, and LEI remain unchanged.
The Company's website address will shortly be renamed www.schroders.com/inov
20 April 2023"

We have a change of name, change of valuer, change of registrar, change of auditor, change to the articles, a change to the board (but they can't find a NED replacement so they're paying headhunters to find one) and, finally, a continuation vote in 2025.
Re the continuation vote: it will provide shareholders with the opportunity to vote on whether the Company "should continue in its present form". What does that mean ? That the company might continue in a different form? Or a straightforward wind-up with all assets sold for cash and returned to shareholders? In the case of the latter, does anyone really think we'll get the NAV?
Re the buybacks: I say, with what money? The total value of all buybacks over the past 2 years, per the chairman's statement, amounts to a paltry one million quid. Peanuts.
I've only read the chairman's statement so far. That's as much as i can take on a Monday morning.

The running of this fund into the ground has made me determined not to ever invest in any Schroder fund again.