In QuotedData’s other news 11 June 2019:
- Shaftesbury says it has now been served with legal proceedings issued by companies controlled by Mr Samuel Tak Lee. The proceedings concern allegations and claims relating to the December 2017 placing of shares by Shaftesbury. They seek to challenge both the rationale for the placing and the way in which the shares were allocated in the placing. The claimants are seeking damages for their alleged losses in the region of £10.4m.
- Baillie Gifford UK Growth has released results covering the year to the end of April 2019. Over the ten months to 30 April 2019, the period under the management of Baillie Gifford, the NAV total return was minus 0.4% compared to a flat return of 0.0% for the All Share index. Reorganising the portfolio cost 1% of NAV. The share price total return for the same period was 1.4%. The dividend slips to 4.45p from 6p and there will only be one dividend a year going forward.