RAB Special Situations has given notice of an EGM to be held on 17 December 2015 at which shareholders are to be given the opportunity to decide whether the company should continue as an investment company. Based on discussions with major shareholders, the board believe this resolution will not pass and, assuming it doesn’t, shareholders will be given a vote on whether the company should adopt a new investment focused on realising the trusts assets. Under the proposed new investment policy, the company will not make any new investments in the Master Fund, the company will redeem its existing investment on 1 July 2016 and, after realisation of the existing investment, the company return capital to shareholders. Full details of the proposals are laid out in a circular being sent to shareholders.
RAB Special Situations – potential move to realisation mode : RSS