CROP Ceres Agricul.

 

TIDMCROP 
 
RNS Number : 6141L 
Ceres Agriculture Fund Limited 
10 May 2010 
 

 
 
 
CERES AGRICULTURE FUND LIMITED 
 
Withdrawal of Requisition and Proposals for a Winding up of the Company 
 
Ceres Agriculture Fund Limited ("Ceres" or the "Company" ), a Guernsey 
domiciled, closed-ended investment company established to invest in an actively 
managed portfolio of exchange-traded agricultural commodity contracts and 
derivatives managed by FourWinds Capital Management, announces the withdrawal of 
the requisition announced on 27 April 2010  ("Requisition") and proposals for a 
winding up of the Company. 
 
In light of the Requisition, and the results of the recent tender offer which 
were announced on 4 May 2010, and following a period of consultation with major 
shareholders, the Board has resolved that it is in the best interests of 
shareholders as a whole to recommend the winding up of the Company. As a result 
of such decision, the requisitionists have confirmed that they will withdraw the 
Requisition. The current intention of the Board is to post a circular to 
shareholders convening an extraordinary general meeting of the Company to be 
held before the end of June 2010, at which a resolution to wind up the Company 
will be put to shareholders. 
 
The Board is confident that the resolution to wind up the Company will be 
passed. However in the unlikely event that the resolution is not passed, the 
Board has agreed, at the request of the requisitionists, to convene a further 
extraordinary general meeting to consider proposals for the implementation of a 
50 per cent. tender offer. 
 
The Board will be approaching certain major shareholders prior to the posting of 
the requisite circular to shareholders to seek their approval, via letters of 
support, of the proposed winding up of the Company. 
 
 
Further enquiries: 
 
FourWinds Capital Management, Investment Manager 
Kimberly Tara 
legal@fourwindscm.com 
 
Cenkos Securities plc, Corporate Broker 
Will Rogers +44 (0)20 7397 1920 
Peter Hindmarsh +44 (0)20 7397 1983 
Andrew Davies +44 (0)20 7397 1914 
 
HSBC Securities Services (Guernsey) Limited, Administrator 
Tel: +44 (0) 1481 707 000 
 
Citigate Dewe Rogerson, PR Advisor 
Kevin Smith /Lindsay Noton +44 207 638 9571 
 
The Company is a Guernsey domiciled Authorised Closed-ended investment scheme 
pursuant to section 8 of the Protection of Investors (Bailiwick of Guernsey) Law 
1987, as amended and rule 6.02 of the Authorised Closed-ended Investment Schemes 
Rules 2008. 
 
The ordinary shares of the Company ("Shares") have not been and will not be 
registered under the US Securities Act of 1933, as amended ("Securities Act") or 
the US Investment Company Act of 1940, or with any securities regulatory body or 
any state or other jurisdiction in the United States and, subject to certain 
exceptions, may not be offered or sold in the United States or to or for the 
account or benefit of US persons (as such term is defined in Regulation S under 
the Securities Act) absent registration under the Securities Act or an 
applicable exemption from such registration. No public offering of any shares in 
the Company is being, or has been, made in the United States. 
 
FUTURES AND OPTIONS TRADING HAS LARGE POTENTIAL REWARDS, BUT ALSO LARGE 
POTENTIAL RISKS. YOU MUST BE AWARE OF THE RISKS AND BE WILLING TO ACCEPT THEM IN 
ORDER TO INVEST IN THE FUTURES AND OPTIONS MARKETS AND IN ORDER TO INVEST IN THE 
COMPANY. DO NOT TRADE OR INVEST WITH MONEY YOU CAN'T AFFORD TO LOSE. THIS 
ANNOUNCEMENT AND ITS CONTENTS ARE NEITHER A SOLICITATION NOR AN OFFER TO BUY OR 
SELL FUTURES, STOCKS OR OPTIONS ON THE FUTURES OR OPTIONS MARKETS. NO 
REPRESENTATION IS BEING MADE THAT ANY ACCOUNT OR INVESTMENT WILL OR IS LIKELY TO 
ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED IN THIS ANNOUNCEMENT (IF 
ANY). THE PAST PERFORMANCE OF ANY TRADING SYSTEM OR METHODOLOGY IS NOT 
NECESSARILY INDICATIVE OF FUTURE RESULTS. 
 
PURSUANT TO AN EXEMPTION FROM THE COMMODITY FUTURES TRADING COMMISSION IN 
CONNECTION WITH POOLS WHOSE PARTICIPANTS ARE LIMITED TO QUALIFIED ELIGIBLE 
PERSONS, AN OFFERING MEMORANDUM FOR THE COMPANY IS NOT REQUIRED TO BE, AND HAS 
NOT BEEN FILED WITH THE COMMISSION. THE COMMODITY FUTURES TRADING COMMISSION 
DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A POOL OR UPON THE ADEQUACY OR 
ACCURACY OF AN OFFERING MEMORANDUM. CONSEQUENTLY, THE COMMODITY FUTURES TRADING 
COMMISSION HAS NOT REVIEWED OR APPROVED ANY OFFERING BY THE COMPANY OR ANY 
OFFERING MEMORANDUM FOR THE COMPANY. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCUROKRRNAVARR 
 

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