In QuotedData’s morning briefing 6 December 2024:

• Keystone Positive Change (KPC) has published a circular in relation to its proposal to wind up, which was announced on 30 September (click here to see our coverage of that), and also discussed in its results for the year ended 30 September 2024 (click here to read our article covering those). To summarise, KPC shareholders can elect to rollover some or all of their KPC ordinary shares into the Baillie Gifford Positive Change Fund and/or to receive cash. The proposals require shareholder approval and KPC’s board recommends shareholders vote in favour of its proposals.
• EPE Special Opportunities (ESO) has announced that it intends to commence repurchasing shares, subject to them being available on attractive terms, and that these will be funded from its cash reserves. Any shares purchased will be held in treasury. ESO’s board believes that the current low level of liquidity may limit the progress in buying back shares and has agreed that on any given trading day a buyback of shares under the share buyback programme may exceed 25 percent of the average daily trading volume on each trading platform on which the company’s shares are traded.
• Golden Prospect Precious Metals (GPM) says that, following its announcement on 4 December 2024 regarding the result of this year’s one for five subscription right exercise for its ordinary shares (which saw 7,745,478 new ordinary shares subscribed for at 35.94 pence), a subscription trustee was appointed to consider the issue of the unexercised subscription rights (this amounted to 9,355,094 new ordinary shares not subscribed for). GPM says that, having consulted with Cavendish Capital Markets Limited (GPM’s broker and financial adviser), it has been decided that no outstanding subscription rights will be exercised.
• STS Global Income & Growth (STS) is convening a general meeting to seek early renewal of its authority to buy back its shares in order to ensure the continued operation of its discount control mechanism. It has published a circular in relation to this and the general meeting is scheduled 8 January 2025 at 10am in Edinburgh.
• abrdn Diversified Income and Growth (ADIG) has published a circular seeking approval to cancel the entire amount standing to the credit of its capital redemption reserve (to allow the return of capital to shareholders) and to amend its articles of association to remove the requirement for it to hold a continuation vote at each annual general meeting now that it is managed winddown. A general meeting will be held in London on 23 December 2024 at 10am.

We also have:

Montanaro UK Smaller Companies hikes dividend to 6% yield