QWIL Queen's Wk

RNS Number:4645A
Queen's Walk Investment Limited
18 July 2007


18 July 2007


                        Queen's Walk Investment Limited


                    Result of Extraordinary General Meeting


Queen's Walk Investment Limited (the "Company") announces that at the
extraordinary general meeting of the Company held earlier today the Independent
Shareholders of the Company (as defined in the Company's Circular to its
shareholders dated 25 June 2007 (the "Circular")) approved the waiver from Rule
9 of the City Code on Takeovers and Mergers by the Panel on Takeovers and
Mergers as set out in more detail in the Circular.


Accordingly, the Company is now in a position to effect a buy back of its
ordinary shares in accordance with the Company's existing buy back authority and
with chapter 12 of the Listing Rules. As long as the Company experiences
extremely low liquidity in relation to its ordinary shares, any buy back of
ordinary shares on any trading day may be up to 50% of the average daily trading
volume of such ordinary shares over the previous 20 trading days.



For further information please contact:

Investor Relations:
Caroline Villiers +44 (0) 20 7153 1521


About the Company:


Queen's Walk Investment Limited is a Guernsey-incorporated investment company
listed on the London Stock Exchange. The Company invests primarily in a
diversified portfolio of subordinated tranches of asset backed securities,
including the unrated "equity" or "first loss" residual income positions
typically retained by the banks or other financial institutions which have
originated the loan assets that collateralise a securitisation transaction. The
Company makes such investments where its investment manager, Cheyne Capital
Management (UK) LLP, considers the coupon or cash flows from the investment to
be attractive relative to the credit exposure of the underlying asset
collateral. The Company believes that its investment focus provides equity
investors with exposure to a relatively new investment opportunity in this asset
class.







                      This information is provided by RNS
            The company news service from the London Stock Exchange

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