LONDON (Alliance News) - The board of Juridica Investment Limited PLC said Tuesday it is recommending that shareholders vote against the company being voluntarily wound up at an extraordinary general meeting to be held on November 14.
"Juridica has delivered strong returns to investors since inception," said Non-Executive Chairman Daniel Brennan in a statement. "We therefore recommend shareholders vote for the fund to continue its work for the next three years."
The company said that, if the special resolution to wind up the company is rejected, it will terminate its existing management agreement with Juridica Capital Management and enter into a new management agreement with Fields Capital Management Limited.
Shares in the closed-ended investment company closed down 1.10 pence at 147.40 pence each Tuesday.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright 2013 Alliance News Limited. All Rights Reserved.
