Keystone Positive Change Adjourns Scheme Meeting
Why we think this is neutral
The RNS announcement indicates that the Second General Meeting for Keystone Positive Change Investment Trust plc's proposed scheme of reconstruction has been adjourned. While this causes a delay in the process, the Board remains committed to delivering the Scheme and is working to re-schedule the adjourned meetings. The announcement does not suggest any significant changes to the company's operations or performance, and appears to be a general update on the status of the Scheme proposal.
Key Points
- Second General Meeting adjourned
- Board refocusing efforts on delivering original Scheme proposal
- Ordinary Shareholders' Class Meeting and First General Meeting also previously adjourned
- Board working to re-schedule adjourned meetings for shareholder vote
Summary
Keystone Positive Change Investment Trust plc (KPC) has announced that the Second General Meeting, scheduled for today in connection with the proposed scheme of reconstruction, has been formally adjourned. The Board is continuing to re-engage with stakeholders with a view to re-scheduling the adjourned meetings for shareholders to vote on the Scheme as soon as practicable. A revised timetable will be announced by the Company setting out the new dates for the meetings and extended deadlines for shareholders to submit proxy votes and make elections under the Scheme.