Result of EGM and Cancellation of Admission
January 22 2009 - 9:15AM
UK Regulatory
TIDMKEF
RNS Number : 1009M
KSK Emerging India Energy Fund Ltd
22 January 2009
Not for release, publication or distribution in, or into, the United States,
Canada, Australia, Japan, Israel, the Republic of Ireland or the Republic of
South Africa.
+------------------------------------+------------------------------------+
| Press Release | 22 January 2009 |
+------------------------------------+------------------------------------+
KSK Emerging India Energy Fund Limited
("KEF" or "the Company")
Result of EGM and Cancellation of Admission
KSK Emerging India Energy Fund Limited (AIM:KEF), announces that at its
Extraordinary General Meeting ("EGM") held earlier today in Guernsey, the
resolution for a members' voluntary liquidation of the Company and cancellation
of admission of the shares to trading on AIM and the cancellation of admission
of the shares to listing and to trading on CISX (the "Liquidation Resolution")
has been duly passed.
As the Liquidation Resolution was duly passed by Shareholders, the EGM was
adjourned indefinitely and the Tender Offer Resolution and the Renewed General
Buy Back Authority were not put to the vote of Shareholders.
As announced earlier today, the Company is currently suspended from trading on
AIM and the CISX. As a result of the passing of the Liquidation Resolution, the
cancellation of admission of the shares to trading on AIM and the cancellation
of admission of the shares to listing and to trading on CISX will be effective
at 7am (GMT) on 23 January 2009 and the Company will cease to carry on business
except in so far as may be expedient for the winding up of the Company.
As a consequence of the passing of the Liquidation Resolution, James Robert
Toynton of Grant Thornton Limited, Island House, Grande Rue, St Martin, Guernsey
and Richard White of Grant Thornton UK LLP, 30 Finsbury Square, London EC2P 2YU
have been appointed as liquidators (the "Liquidators") and will commence the
process of settling the Company's liabilities and returning assets to
Shareholders in accordance with Guernsey law. Powers of the Directors have now
ceased on the appointment of the Liquidators.
As soon as the Company's affairs are fully wound up the Liquidators will prepare
an account and call an Extraordinary General Meeting of the Company at which the
account will be presented and explained. After such meeting, the Liquidators
will give notice to the registrar in Guernsey of a final meeting and the date of
this final meeting. The registrar will publish the fact of this final meeting
and that the Company is to be dissolved.
- Ends -
For further information:
+-------------------------------------------------+------------------------+
| Joint Liquidator | |
+-------------------------------------------------+------------------------+
| James Toynton | Tel: +44 (0) 1481 |
| Grant Thornton Limited, Guernsey | 213419 |
+-------------------------------------------------+------------------------+
| Richard White | Tel: +44 (0) 20 7728 |
| Grant Thornton UK LLP | 2934 |
+-------------------------------------------------+------------------------+
+-------------------------------------------------+------------------------+
| Grant Thornton UK LLP | |
| (Nominated Adviser) | |
+-------------------------------------------------+------------------------+
| Philip Secrett | Tel: +44 (0) 20 7728 |
| | 2578 |
+-------------------------------------------------+------------------------+
| philip.j.secrett@gtuk.com | www.gtuk.com |
+-------------------------------------------------+------------------------+
Disclaimer
This press release is not for distribution (directly or indirectly) in or to the
United States, Canada, Australia, Japan, Israel, the Republic of Ireland or the
Republic of South Africa or any other jurisdiction in which the same would be
unlawful. This press release is not an offer of securities for sale in or into
the United States, Canada, Australia, Japan, Israel, the Republic of Ireland or
the Republic of South Africa. This press release does not constitute or form
part of any offer or invitation to sell or issue, or any solicitation of any
offer to purchase or subscribe for, any Ordinary Shares of the Fund.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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