Simon Thompson 

Thalassa stalls Local Shopping REIT’s cash return

Simon Thompson

Simon Thompson

The proposed wind up Local Shopping REIT (LSR:27.8p), a small-cap property investment company that’s sold off almost all its properties, was thwarted by 25.48 per cent shareholder Thalassa (THAL:86p), which voted against the proposal at December’s general meeting. Excluding the votes cast by Thalassa, 99.98 per cent of the votes were in favour of the resolution to wind up the company through a voluntary liquidation and return the company’s cash to shareholders.

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