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Pin to quick picksDowning Strate. Share News (DSM)

  • This share is currently suspended. It was suspended at a price of 4.05

Share Price Information for Downing Strate. (DSM)

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Share Price: 4.05
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Change: 0.00 (0.00%)
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Ex-Conviviality CEO Hunter Leaves Downing Strategic Non-Exec Role

Wed, 04th Apr 2018 14:22

LONDON (Alliance News) - Downing Strategic Micro-Cap Investment Trust PLC said on Wednesday Non-Executive Director Diana Hunter, former chief executive of Conviviality PLC, has resigned from the board.

Hunter left alcohol wholesaler Conviviality in mid-March as it continued to deal with the hangover from its unexpected GBP30 million UK tax bill. Last Thursday, the firm called in administrators after failing to secure funding.

Shares in Downing Strategic Micro-Cap were 0.9% lower at 91.42 pence each on Wednesday.

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IN BRIEF: Downing Strategic receives requisition for general meeting

Downing Strategic Micro-Cap Investment Trust Plc - Receives requisition for a general meeting to remove Hugh Aldous and Robert Legget as company directors and to appoint Rhys Summerton, Andre Tonkin and Paul Shackleton. Also seeks resolution to pause the announcement of any new dividend or return of capital until after the requisitioned general meeting as well as cancel the 12.00 pence interim dividend declared on May 28. Company says requisition is an attempt by 28% stakeholder Milkwood Capital Ltd to determine company management without conducting a formal acquisition. The company says shareholders should do nothing at this time as it investigates the legality of the requisition.

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