Premier Global Infrastructure (PGIT) released a statement noting that “following the consultations with dissenting shareholders, and in order to ensure consistency between the name of the company and its investment policy, and further to reflect the merger of Premier Asset Management Group with Miton Group in November 2019, the company confirms that on 20 October 2020, under the powers conferred under the company’s articles of association, the board resolved to change the name of the company to Premier Miton Global Renewables Trust PLC.
The company has made all necessary filings at the Registrar of Companies to effect the change of name; however, there is expected to be a delay in Companies House effecting the change. A further announcement will be made at that time.
In addition, following the passing of the resolution to change the investment policy to focus on renewable energy, the company has also consulted with dissenting shareholders with regards to the change of investment policy. The board appreciates that the dissenting shareholders would have preferred to retain the company’s prior investment policy to invest in a broader spread of infrastructure investments. However, for the reasons set out in the company’s circular dated 16 September 2020, and following an indication from the largest dissenting shareholder that he intends to continue his support of the company notwithstanding the change in investment policy, the board believes that the change of investment policy is in the best interests of the company and its shareholders.”
Readers interested in background to the name and investment policy change may wish to access our news story from September, by clicking here.
PGIT: Premier Global Infrastructure updates on name change to Premier Miton Global Renewables Trust