RE: Yesterdays presentation and upcoming discontinuation vote26 Jun 2024 16:03
Hello Actuary 63.
Let me start by thanking you for your response, and indeed the clarity it contained.
This is the first time in approximately 20 years of investing that any of the equities that I have held have faced a discontinuation vote, an event which I never heard of.
I am a medium to long term investor and as a pensioner
rely heavily on dividends received, so you can imagine my concern when I understood that this vote would take place at the AGM in September.
It had occurred to me that another option might be to call an early EGM, hold the vote, which would have the benefit of ending any uncertainty, maybe even give some impetus to the share price.
It is encouraging to note that on past precedent only a very small percentage of this category of vote do pass
and companies continue to trade normally.
Once again thanks for your remarks which are very important to me as JLEN comprises one third of my portfolio.