IN BRIEF: HgCapital Trust notes progress with Ideagen takeover

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

HgCapital Trust PLC - technology-focused investment trust that participates in the private equity investments of manager Hg - Notes Ideagen PLC's announcement that all resolutions at the court meeting and general meeting in relation to its acquisition by Hg Pooled Management Ltd were approved with a majority. The meetings were held on Thursday.

The court meeting was to consider the scheme, and the general meeting considered the special resolution in regard to the takeover.

Hg Pooled Management is a subsidiary of Hg, HgCapital's manager.

Current stock price: 336.00 pence, up 0.9% on Friday

12-month change: up 1.2%

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