Absolute Return Trust Limited Results of EGM and Liquidation (5659T)

TIDMABR

RNS Number : 5659T

Absolute Return Trust Limited

20 November 2013

ABSOLUTE RETURN TRUST LIMITED

(a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 42733)

Result of Extraordinary General Meeting ("EGM") and Liquidation

20 November 2013

The Board of Absolute Return Trust Limited (the "Company") announces that the special resolution proposed at the Company's EGM held today, 20 November 2013, to place the Company into voluntary winding up; appointment of Liquidator and the fixing of their remuneration together with the suspension and cancellation of the listing of the shares was duly passed.

Full details of the special resolution passed are as follows:

IT WAS RESOLVED THAT:

(a) The Company be wound up voluntarily pursuant to section 391(1)(b) of The Companies (Guernsey) Law, 2008 (as amended);

(b) That pursuant to article 82 of the Company's Articles, from the date of appointment of the Liquidators, the Company is permitted to have a sole Director;

(c) That the suspension and cancellation of the listing of the Shares on the Official List and the admission of the Shares to trading on the Main Market be and is hereby approved and the suspension of the authorisation of the Company by the Commission under the Protection of Investors (Bailiwick of Guernsey) Law, 1987 be and is hereby approved;

(d) That Linda Maree Johnson and Ashley Charles Paxton, of KPMG Channel Islands Limited, 20 New Street, St Peter Port, Guernsey GY1 4AN, be and are hereby as joint liquidators (the "Liquidators") for the purposes of winding up; and

(e) That the Liquidators' remuneration is fixed in accordance with the engagement letter and terms of business issued by KPMG Channel Islands Limited in respect of the proposed liquidation of the Company

In accordance with the passing of the Liquidation Resolution, the Company has been placed into voluntary liquidation and Ashley Charles Paxton and Linda Maree Johnson of KPMG Channel Islands Limited, 20 New Street, St Peter Port, Guernsey, GY1 4AN, have been appointed as joint liquidators to the Company.

The suspension of listing on the London Stock Exchange of the Company's Shares took place at 7.30am on 20 November 2013 and the last day of listing will be 18 December 2013.

Details of the proxy voting results which should be read alongside the Notice sent to shareholders on 11 October 2013 are noted below.

 
 Resolution      For      Against   Abstain   Chairman's 
                                               discretion 
-----------  ----------  --------  --------  ------------ 
     1        7,720,341      0         0          468 
-----------  ----------  --------  --------  ------------

Enquiries:

KPMG Channel Islands Limited

Linda Maree Johnson

Office tel: + 44 (0) 1481 721000

Email: lindajohnson@kpmg.guernsey.gg

This information is provided by RNS

The company news service from the London Stock Exchange

END

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