Strategic Equity shareholders request general meeting

Strategic Equity Capital noted a press comment over the weekend on Monday, and confirmed that it received a request to requisition a general meeting from two of its shareholders, Ian Armitage and Growth Financial Services - a subsidiary of Harwood Capital Management - representing 5.02% of the company’s issued share capital.

The London-listed firm said the proposed resolution Armitage and Harwood wished to put to a general meeting purported to require the company to use all of its general buy-back authority taken at the last annual general meeting on 9 November, to make market purchases of its ordinary shares at not wider than a 5% discount to the prevailing net asset value.

“The company’s advisors are seeking clarification on the requisition to enable it to be considered further by the board,” it said in a statement.

“A further announcement will be made in due course.”