Welcome!

SYS-CON UK Authors: Salvatore Genovese, Jamie Matusow

News Feed Item

LIM Advisors and Metage Capital Thank MIIF Shareholders for Their Support Following the Results of the SGM Held in Singapore Yesterday

SINGAPORE, Dec. 6, 2012 /PRNewswire/ -- LIM Advisors and Metage Capital today issued the following statement to Shareholders of the Macquarie International Infrastructure Fund ("MIIF") following a Special General Meeting held yesterday in Singapore.

LIM Advisors and Metage Capital jointly said: "We thank all of MIIF's Shareholders for the support they have shown us over the past weeks in trying to achieve our common objectives.  We are glad to have been a catalyst for improving shareholder value and are pleased that the Board has accepted and acted on at least two of our primary recommendations, namely to engage an independent advisor to initiate a strategic review and to allow at least one new independent director to join the Board."

They added: "We have been advocating hard for both of these outcomes for over 12 months now and they were part of our original formal requisition, served in September.  It is a shame that so much time, effort and Shareholder money have had to be expended to get to this point.  We are hopeful that we can now look forward to working with a Board that works constructively with all Shareholders, with a view to continuously improving value for all Shareholders."

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.