DW Catalyst Fund Ltd Result of EGM
August 02 2017 - 10:50AM
UK Regulatory
TIDMDWCG TIDMDWCU
THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION
DW Catalyst Fund Limited (the "Company")
(a closed-ended investment collective investment scheme registered and
incorporated in Guernsey with registration number 52520)
Result of extraordinary general meeting and liquidation of the Company
2 August 2017
The resolutions regarding the proposed liquidation of the Company proposed at
the extraordinary general meeting of the Company (the "Extraordinary General
Meeting") held earlier today were both passed on a poll.
Accordingly, Ashley Charles Paxton and Linda Maree Johnson of KPMG Channel
Islands 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 cancellation of the admission of
its shares to listing on the Official List and to trading on the Main Market of
the London Stock Exchange, which cancellations are expected to take effect on 3
August 2017. In addition, the Company will now terminate its management
agreement with DW Partners, LP with immediate effect.
The proposed timetable for the liquidation of the Company and the anticipated
distribution of the proceeds of liquidation is as contained in the shareholder
circular regarding the Extraordinary General Meeting and the announcement made
by the Company on 12 July 2017.
The Company received votes representing 77.69% of the shares in issue as at 2
August 2017 (excluding any votes received from redeeming Shareholders who
became creditors of the Company on 1 August 2017). The proxy votes received on
each resolution proposed at the Extraordinary General Meeting were as follows.
A vote withheld is not a vote in law and has not been counted in the votes for
and against a resolution.
Special resolution For Against Vote
Withheld
1. THAT the Company be wound up voluntarily pursuant to 2,906,261 165,136 3,613
section 391(b) of the Companies (Guernsey) Law, 2008 (as
amended) (the "Companies Law").
Ordinary resolution For Against Vote
Withheld
2. THAT, conditional on the passing of resolution 1 2,906,261 165,136 3,613
contained in this notice:
(a) Ashley Charles Paxton and Linda Maree Johnson
of KPMG Channel Islands Limited of Glategny Court,
Glategny Esplanade, St Peter Port, Guernsey GY1 1WR be
and are hereby appointed as joint liquidators of the
Company (the "Joint Liquidators") and THAT either or both
of the Joint Liquidators be and is hereby empowered to
wind up the Company's affairs and to realise and
distribute its assets in accordance with the Companies
Law; and
(b) the remuneration of the Joint Liquidators
contained in the letter of engagement dated 3 July 2017
be and is hereby approved in accordance with section 395
(1)(b) of the Companies (Guernsey) Law, 2008 (as
amended).
In accordance with Listing Rule 9.6.3, a copy of the results of the
Extraordinary General Meeting has been submitted to the National Storage
Mechanism and will shortly be available for inspection at:
www.morningstar.co.uk/uk/NSM
Enquiries:
Company website: www.dwcatalystltd.com
Linda Johnson and Ashley Paxton
Joint Liquidators
Glategny Court
Glategny Esplanade
St Peter Port
Guernsey, GY1 1WR
Tel: +44 (0) 1481 721000
Email: restructuring-ci@kpmg.com
END
(END) Dow Jones Newswires
August 02, 2017 10:50 ET (14:50 GMT)
DW Catalyst. ?? (LSE:DWCG)
Historical Stock Chart
From Apr 2024 to May 2024
DW Catalyst. ?? (LSE:DWCG)
Historical Stock Chart
From May 2023 to May 2024