Blue Capital Alternative Income Fd Result of Meeting (7714V)
July 25 2018 - 10:18AM
UK Regulatory
TIDMBCAI
RNS Number : 7714V
Blue Capital Alternative Income Fd
25 July 2018
25 July 2018
Blue Capital Alternative Income Fund Limited (the "Company")
(Ticker: "BCAI")
Results of Special General Meeting and Liquidation of the
Company
The board of directors of the Company (the "Board") announce the
results of its special general meeting of shareholders held earlier
today (the "Special General Meeting").
The resolutions regarding the liquidation of the Company
proposed at the Special General Meeting were both passed on a poll.
Accordingly, Mike Morrison and Mark Allitt of KPMG Advisory Limited
have now been appointed as the joint liquidators of the Company
with the power to wind up the Company's affairs and to realise and
distribute its assets.
The Company will now make applications for the cancellations of
the admission of its Ordinary Shares to trading on the Specialist
Fund Segment of the London Stock Exchange and their listing on the
Bermuda Stock Exchange, which cancellations are expected to take
effect on 26 July 2018.
The Company received votes representing 78.6% of the Ordinary
Shares in issue as at 25 July 2018. Details of the votes validly
cast are set out below:
Ordinary Resolutions For Against Vote
Withheld*
THAT:
(a) the Company be Wound Up voluntarily
pursuant to the provisions of the Companies
Act 1981, as amended (the "Act") and
Mike Morrison and Mark Allitt of KPMG
Advisory Limited, Crown House, 4 Par-la-Ville
Road, Hamilton HM 08 Bermuda be and
hereby are appointed as Liquidators
of the Company with the power to act
jointly or severally for the purpose
of such Winding Up with all powers
conferred on them by the Act, the Bye-laws
or by this Ordinary Resolution, such
appointment becoming effective on the
passing of this Ordinary Resolution;
and
(b) the remuneration of the Liquidators
be drawn in accordance with the letter
of engagement dated 22 June 2018, together
with the reimbursement of all reasonable
out of pocket expenses and disbursements
properly incurred in connection with
the Winding Up of the Company out of
the assets of the Company, be and hereby
are approved. 134,714,458 3,177,471 0
=========== ========= ==========
THAT, conditional on the approval of
the Winding Up Resolution, the Liquidators
are hereby authorised to: (a) divide
among the Shareholders in specie or
in kind the whole or any part of the
assets of the Company; and (b) vest
the whole or any part of the assets
of the Company in trustees upon such
trust for the benefit of the Shareholders,
in each case in accordance with the
Bye-laws and as the Liquidators think
fit, provided that, in each case, such
authorisation shall be exercised in
accordance with the Act, and any other
Bermuda statute or law which applies
to the Winding Up of the Company ("Bermuda
Insolvency Law") and provided further
that, in the event of conflict between
the authorisation provided under this
Ordinary Resolution and Bermuda Insolvency
Law, the requirements under Bermuda
Insolvency Law shall prevail. 134,714,458 3,177,471 0
=========== ========= ==========
* A Vote Withheld is not a vote in law and is not counted in the
proportion of votes 'for' or 'against' a resolution.
Enquiries:
Company Website: www.bcai.bm.
Mike Morrison and Mark Allitt
KPMG Advisory Limited
Crown House,
4 Par-la-Ville Road,
Hamilton HM 08 Bermuda
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END
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