Winding-up of the Company


 

TIDMBIF 
 
RNS Number : 5654W 
BarclaysGlbl Inv Endowment Fd II Ld 
30 July 2009 
 

Barclays Global Investors Endowment Fund II Limited 
 
 
30 July 2009 
 
 
Introduction 
The Company has today posted a circular to Shareholders relating to the 
winding-up of the Company. Pursuant to the Articles, the Company is due to 
terminate on 1 September 2009 (the "Effective Date") by way of summary 
winding-up. This follows the series of annual redemption payments made during 
2005 to 2008. The Board is therefore putting forward proposals to Shareholders 
for approval of the summary winding-up of the Company together with the 
appointment of liquidators to oversee the liquidation process. 
Proposed Summary Winding-Up of the Company 
The Directors are convening an Extraordinary General Meeting for the purpose of 
considering the Resolutions to approve the summary winding-up and to appoint the 
Liquidators to realise assets of the Company, meet liabilities and distribute 
the net assets to Shareholders. Provided both Resolutions are passed the 
winding-up of the Company will become effective on the Effective Date, 1 
September 2009. 
Entitlements of Shareholders on Winding-Up 
The amounts distributed to Shareholders will be dependent on the net assets of 
the Company available for distribution after payment of liabilities. The 
Liquidators have indicated that they anticipate being in a position to make the 
first distribution of up to 95% of the capital of the Company to Shareholders, 
pro rata to such Shareholders' holdings, on or around 13 October 2009, payable 
by way of a cheque to Shareholders on the register on 25 August 2009 save that 
no payment of less than GBP5 will be made to any one Shareholder. The expenses 
of the Circular and the proposed summary winding-up of the Company (excluding 
portfolio realisation costs) are expected to amount to approximately GBP167,000, 
which has been accrued for in the unaudited net asset value of the Company as at 
30 June 2009 of GBP6,273,735 or 125.47p per Share.  This figure may not be 
representative of the actual amount which will be distributed to Shareholders. 
After paying the total costs of the Company's liquidation and settling any other 
unforeseen liabilities of the Company and following receipt of proceeds from the 
final realisation of the Company's assets, the remainder of any cash proceeds 
will be distributed to Ordinary Shareholders. The precise timing of further 
distributions will depend upon the progress of the liquidation, the realisation 
of all assets and collection of all outstanding amounts owed to the Company and 
the Liquidators establishing that the Company has no outstanding liabilities. 
Stock Exchange Dealings and Share Certificates 
The register for the Shares will be closed at 5.00 p.m. on 25 August 2009. The 
last day for dealings in Shares on the London Stock Exchange for normal account 
settlement will be 20 August 2009. As from 21 August 2009, dealings should be 
for cash settlement only and will be registered in the normal way if the 
transfer, accompanied by the documents of title, is received by the Transfer 
Agent by 5.00 p.m. on 25 August 2009. Transfers received after that time will be 
returned to the persons lodging them. Dealings in the Shares will be suspended 
from 7.30 a.m. on 26 August 2009. The Shares will remain listed on the Official 
List for up to a further 12 months. 
 
 
Expected timetable 
 
 
+-----------------------------------------------+------------------------+ 
|                                               |                   2009 | 
|                                               |                        | 
+-----------------------------------------------+------------------------+ 
| Latest time and date for receipt of Forms of  |       11.00 a.m. on 24 | 
| Proxy                                         |                 August | 
+-----------------------------------------------+------------------------+ 
| Close of register of Shareholders             | 5.00 p.m. on 25 August | 
+-----------------------------------------------+------------------------+ 
| Listing and dealings in Ordinary Shares       | 7.30 a.m. on 26 August | 
| suspended                                     |                        | 
+-----------------------------------------------+------------------------+ 
| Extraordinary General Meeting                 |       11.00 a.m. on 26 | 
|                                               |                 August | 
+-----------------------------------------------+------------------------+ 
| Effective Date for implementation of the      |           1 September  | 
| Proposals                                     |                        | 
+-----------------------------------------------+------------------------+ 
| Cheques dispatched to Shareholders in respect | On or about 13 October | 
| of first distribution of capital              |                        | 
+-----------------------------------------------+------------------------+ 
 
 
 
 
Terms used and not defined in this announcement bear the meaning given to them 
in the Circular dated 27 July 2009. 
 
 
A copy of the Circular has been submitted to the UK Listing Authority and will 
shortly be available for inspection at the UK Listing Authority's Document 
Viewing Facility, which is situated at: 
The Financial Services Authority 
25 The North Colonnade 
Canary Wharf 
London  E14 5HS 
 
 
If you have any questions concerning any of the foregoing please do not hesitate 
to contact the Investment Manager to the Company by telephoning 020 7668 8300. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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