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Govett trust votes against liquidation

Govett Asian Smaller Companies Investment Trust shareholders today voted to rebut a move from Charlemagne Capital, formerly Regent Europe Asset Management, to liquidate the trust.

Eighty-eight per cent of shareholders voted against the resolution, which proposed liquidation of the £29m trust.

Govett Investments director of investment trusts James de Sausmarez says: "This represents a positive endorsement of the board&#39s proposals for enhancing shareholder value. I very much hope we will now be able to focus on delivering good performance for shareholders."

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