Result of EGM
29 Octobre 2003 - 12:11PM
UK Regulatory
RNS Number:4310R
Aberforth Split Level Trust PLC
29 October 2003
Aberforth Split Level Trust plc
Result of the First Extraordinary General Meeting held on 29 October 2003 at
9.15am
The Board of Aberforth Split Level Trust plc (the "Company") is pleased to
announce that at the First Extraordinary General Meeting of the Company held
today, 29 October 2003, the resolutions approving the scheme of reconstruction
of the Company ("the Scheme") put to the meeting were duly passed. Shareholders
in person or represented by proxy or by letters of representation holding
39,338,840 shares, being 63.4 per cent. of the issued share capital, voted or
were deemed to have voted, with 99.6 per cent. being in favour.
The last date for receiving Forms of Elections was 27 October 2003. The results
of the Elections are shown in the table below:
Option Units Capital Shares Income Shares
ASCoT Option 5,196,595 4,710,550 470,653
AFund Option 1,520,624 3,060,773 79,148
Realisation Option 7,195,968 9,321,776 16,543,298
Total 13,913,187 17,093,099 17,093,099
The Company's share capital will be reclassified with effect from the admission
of the Reclassified Shares to the Official List and to trading on the London
Stock Exchange becoming effective by reference to the above elections made or
deemed to have been made by Shareholders.
A Second Extraordinary General Meeting will be held on 10 November 2003 at
4.00pm at which resolutions will be proposed for the winding up of the Company
and the appointment of liquidators and to confer appropriate powers on the
liquidators. Shareholder entitlements pursuant to the Scheme will be announced
by the Company in due course following the Second EGM.
Expected Timetable
2003
Friday 31 October Payment of final interim dividend to Income Shareholders
Friday 7 November 8.00 am Dealings in Reclassified Shares commence and register of
holders of Reclassified Shares opened*
5.00 pm ASCoT Calculation Date
Register of holders of Reclassified Shares closed
Saturday 8 November 4.00 pm Latest time and date for receipt of forms of proxy for the
Second Extraordinary General Meeting
Monday 10 November 7.30 am Suspension of listing of Reclassified Shares
4.00 pm Second Extraordinary General Meeting
4.30 pm AFund Calculation Date
Effective Date
AFund Units issued
Tuesday 11 November Dealings commence in New ASCoT Shares and CREST stock accounts
credited
Confirmation notes despatched in respect of AFund Units
Week commencing Definitive certificates despatched in respect of the New ASCoT
Shares (not admitted to CREST)
17 November
* The Reclassified Shares are a technical requirement of the Scheme created by
the resolution passed at the First Extraordinary General Meeting.
Enquiries:
David Warnock/ David Holland 0131 220 0733
Aberforth Partners
Angus Gordon Lennox / William Simmonds 020 7588 2828
Cazenove & Co. Ltd
Capitalised words and expressions used in this announcement shall bear the same
meanings as in the circular dated 29 September 2003, a copy of which available
in full at the document viewing facility of the UK Listing Authority.
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