Last updated 16 November 2020
The decision to recommend a members’ voluntary liquidation to shareholders followed a period of careful consideration by the Board and Artemis. The limited opportunities to continue to develop and refresh the portfolio on an ongoing basis (exacerbated by heightened VCT regulations), combined with the Company’s declining assets and ongoing running costs, resulted in the proposal being deemed to be the best option to protect and realise shareholder value.
Full details of the special and ordinary resolutions passed at the general meeting of 30 September 2020 can be viewed within the notice of the meeting, as contained within the Circular (PDF, opens in a new window) published on 14 September 2020.
A summary of the results of the proxy voting from the general meeting (PDF, opens in a new window) is also available.
Stewart MacDonald of Azets has been appointed as liquidator to the Company (email [email protected]). The liquidator will assume responsibility for the winding-up of the Company, including the payment of fees, costs and expenses, the discharging of the liabilities of the Company and the distribution of its surplus assets to shareholders. The liquidator has agreed that Artemis will continue to provide discretionary investment management and advisory services to the Company.
The Company’s shares will be cancelled from the Official List with effect from 1 October 2020 and the shares will cease trading on the London Stock Exchange from the same date.
(All documents are PDFs and open in a new window)
- Articles of association
- General meeting September 2020 proxy voting results
- Liquidator consent form
- Liquidator communication November 2020
- Annual report and financial statements 2019
- Interim report and financial statements 2019