On March 3, 2021, Strategic Equity Capital announced that on February 8, 2021, it has received a request to requisition a general meeting of the Company from two of its shareholders, Ian Armitage and Jonathan Morgan, representing 7.66 per cent. of the Company’s issued share capital. The Company stated that it required to convene a general meeting for the purpose of allowing shareholders to consider and vote on 2 requisitioned resolutions and the resolutions relate to the continuation of the Company. The Company stated that the resolution 1 is a continuation resolution in a similar form to that put to shareholders at the annual general meeting, the latest one being passed in November 2020 and the resolution 2 requires the board, in the event that resolution 1 is not passed, to put forward proposals to shareholders within 8 weeks to enable those shareholders who want to realize their investment in the Company for cash at or close to net asset value, or to exchange their shares for shares in another investment vehicle, an opportunity to do so. In addition, the Company stated it has dispatched a circular to shareholders which convenes the general meeting of the Company on March 30 2021 that urged the shareholders to vote against resolution 2.