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IN BRIEF: Saba withdraws European Smaller requisition for 30 days

ALN

European Smaller Cos Trust PLC - London-based investor in smaller European firms - Says Saba Capital Management LP has agreed to withdraw its second requisition notice to call a general meeting for 30 days. Says it has ‘engaged in constructive discussions’ with Saba. The pause will allow the two companies to enter ‘good-faith negotiations’ to find a resolution that benefits all shareholders, it says.

Current stock price: 182.70 pence, up 0.3%

12-month change: up 15%

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