31 December 2015
PEWT Securities PLC (in
members' voluntary liquidation)
(“PEWT Securities” or the “Company”)
Update on the
Scheme, Result of Second General Meeting, Cancellation of
Reclassified Shares from Trading and issue of New ZDP Shares in
PEWT Securities 2020 plc
The Company announces that the Second General Meeting of the
Company was held earlier today at which a special resolution was
proposed and unanimously passed.
Accordingly, the Company has been placed into members' voluntary
liquidation and James Eldridge and
Jeremy Willmont, both of Moore
Stephens LLP of 150 Aldersgate Street, London EC1A 4AB have been appointed as
liquidators. As a result the Scheme will become effective
today.
The Company's Reclassified Shares with ISIN GB00BZ76QK75 and
GB00BZ76QL82 were duly suspended at 7.30
a.m. this morning.
Application has been made to the UK Listing Authority and the
London Stock Exchange for the listing and admission to trading of
the Reclassified Shares to be cancelled. It is expected that such
cancellation will take place at 8.00
a.m. on 4 January 2016.
Pursuant to the elections made by ZDP Shareholders announced on
14 December 2015 and the result of
the First General Meeting and reclassification of Existing ZDP
Shares announced on 21 December 2015,
ZDP Shareholders holding ZDP Shares with “A” rights (ISIN
GB00BZ76QK75) will receive New ZDP Shares in PEWT Securities 2020
plc on the winding-up of PEWT Securities and those ZDP Shareholders
holding ZDP Shares with “B” rights (ISIN GB00BZ76QL82) will receive
cash on the winding-up of PEWT Securities.
New ZDP Shares in PEWT Securities 2020 plc are expected to be
issued today to satisfy ZDP Shareholders holding ZDP Shares with
“A” rights. Application has been made for the New ZDP Shares of
PEWT Securities 2020 plc to be admitted to the standard listing
segment of the Official List and to trading on the Main Market of
the London Stock Exchange. Dealings in the New ZDP Shares of PEWT
Securities 2020 plc are expected to commence on 4 January 2016. The New ZDP Shares will trade
using the ticker PEZ and under ISIN GB00BYP98L62.
ZDP Shareholders who elected for cash will be credited through
the CREST system on or around 8 January
2016. Cheques will be despatched to all other ZDP
Shareholders who elected for cash on or around 8 January 2016.
A copy of the special resolution has been submitted to the
National Storage Mechanism and will shortly be available for
inspection at www.morningstar.co.uk/uk/nsm.
Terms used in this announcement shall have the same meaning as
in the Circular.
-The End -
Enquiries:
Premier Fund
Managers Limited
Nigel Sidebottom
James Smith
Claire Long |
+ 44 (0) 1483 30 60
90
|
N+1 Singer
James Maxwell
Liz Yong
Tom Smale |
+ 44 (0) 20 7496 3000 |