Calls for SEC trust discontinuation as investors take aim at board

Accusations of mismanagement

Mike Sheen
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SEC board under pressure approaching 30 March EGM
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SEC board under pressure approaching 30 March EGM

Shareholders in the Strategic Equity Capital (SEC) investment trust have called for the company to be discontinued at a 30 March emerging general meeting (EGM), amid accusations of mismanagement levelled at the board.

Should SEC survive the vote to be discontinued, investors will also vote on whether a "strict" discount control target and mechanism be reinstated, and whether the board should see "changes to its composition"....

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