The Board is working with its advisers to assess various options aimed at improving shareholder value. The Board will consult with major shareholders on certain options that it is considering before making any definitive proposals.

The Board will set out progress made and, if appropriate, the proposed plans and/or actions which are aimed at improving shareholder value, in the circular to be sent to all shareholders convening the AGM, which will be held in the latter half of August. The business of the AGM will also include a discontinuation resolution, due to the Company’s ordinary shares trading at an average discount of over 10% to the Company’s NAV over financial year (as per the Company’s Articles).

If you want to DYOR on any of the Snowball’s shares, a good place to start would be to post a ticker. e.g NESF in the search box above.