LONDON (Alliance News) - Lazard World Trust Fund SA said on Friday said that shareholders approved the winding down of the company at an extraordinary general meeting.
The two resolutions were to approve a Divestment Investment Policy and Compulsory Redemption Mechanism, which would allow Lazard to sell off its assets and allow it to redeem shares using cash from asset sales.
The first redemption date will be at the latest on February 11, one months after the meeting.
Shares in Lazard World Trust Fund were up 0.3% at 334.00 pence on Friday.