TR European Growth Trust Withdraws Shareholder Requisition
Why we think this is neutral
The RNS announcement indicates that the company has received and withdrawn a second shareholder requisition notice, suggesting a constructive dialogue between the parties. However, the limited details provided make it difficult to assess the broader implications of this event. Overall, this appears to be a non-material regulatory announcement with no significant impact on the company's operations or financials.
Key Points
- Shareholder requisition notice withdrawn
- Constructive discussions between the company and Saba Capital Management
Summary
The asset manager has withdrawn a shareholder requisition notice, indicating constructive discussions between the parties.
The European Smaller Companies Trust PLC has announced that it received a second requisition notice from Saba Capital Management L.P. to call a general meeting, but Saba has agreed to withdraw the requisition for 30 days to allow for negotiations between the parties. The Board will provide a further update in due course.
Key Dates
11 February 2025
General Meeting
Shareholder requisition notice received
Impact Score: 4
14 March 2025
General
Further update from the Board
Impact Score: 3
GENERAL UPDATE