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Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRocView Video
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

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IN BRIEF: UK Mortgages Still Opposes Offer, Plans Strategy Review

Fri, 07th Aug 2020 20:14

UK Mortgages Ltd - closed-ended investment company incorporated in Guernsey - Reiterates view that M&G Investment Management Ltd's offer materially undervalues the company and its prospects. Will not engage on a proposal that it views as going against the best interests of shareholders. No contact made with M&G Investment Management and no further proposal since rejection of offer July 19. Commits to "a review of future strategy" once it is no longer in an offer period. Strategy would seek to maximise value, provide pathway to enhanced liquidity, and narrow or remove share price discount to net asset value. Says review "would not consider a formal sale process" or merger.

Current stock price: 62.50 pence

Year-to-date change: down 8.3%

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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