DW CATALYST FUND LIMITED (IN VOLUNTARY
LIQUIDATION) (THE “COMPANY”)
Discount Trigger Resolution
Shareholders
First Distribution of Redemption Funds
for Discount Trigger Redeemed GBP £ Shares
At an extraordinary general meeting of the Company held on
2 August 2017, shareholders passed
resolutions to wind-up the Company and appointed Linda Johnson and Ashley
Paxton of KPMG Channel Islands Limited as joint liquidators
(the “Liquidators”).
Following the passing of the Discount Trigger Resolution by the
shareholders of the Company on 9 March
2017, which obliged the Company to redeem all shareholders
of the Company that voted in favour of the Discount Trigger
Resolution (the “Redeeming Shareholders”), the Liquidators announce
their intention to make a first payment to Redeeming Shareholders
(the “First Payment”) of:
GBP £11.845797 per redeemable ordinary
share of no par value in the Company redeemed
The First Payment has been calculated by reference to the
proceeds received by the Company from the first quarterly
redemption of the Company’s holding in DW Catalyst Offshore Fund,
Ltd attributable to Redeeming Shareholders, in accordance with the
timetable referenced in the Company’s circular to shareholders
dated 17 February 2017 (the
“Circular”).
The net proceeds of the redemption received by the Company were
GBP £17,588,034.74. Following the payment of the IPO Offer Costs
and other costs of the Discount Trigger Resolution attributable to
Redeeming Shareholders, as noted in the Circular, the balance
available for distribution to Redeeming Shareholders is GBP
£15,965,880.51.
The First Payment will be paid by CREST on 25 September 2017.
Enquiries:
The Liquidators
Linda Johnson and Ashley Paxton
Glategny Court
Glategny Esplanade
St Peter Port
Guernsey
GY1 1WR
Tel: 01481 721 000
restructuring-ci@kpmg.com