StockMarketWire.com - HarbourVest Global Private Equity Limited is to seek shareholder approval for changes that will pave the way for a premium listing on the London Stock Exchange 'as soon as practicable'.

The company said the board and investment manager propose to implement a number of changes to the investment management agreement and, subject to shareholder approval, the articles in order to allow the company to be eligible for a premium listing.

The company said the board and the investment manager are committed to applying for a premium listing as soon as circumstances are appropriate.

The proposed changes will come in to effect when all the necessary conditions are met or are expected to be met.

These changes will include granting full voting rights to the A shareholders.

The company said: "At present, the continued high level of US shareholding raises complexities in implementing the changes necessary for the application.

"However, the board of directors and the investment manager are committed to granting voting rights to the A shares as soon as reasonably practicable, and are monitoring the level of US shareholding, with the goal of moving to one class of shares with full voting rights listed on the London Stock Exchange."

The board believes that the proportion of US registered shareholders has reduced from approximately 64% as at January 2013 to approximately 53% at the start of this year.




At 9:12am: [LON:HVPE] Harbourvest Global Private Equity share price was 0p at 10.7p



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